Allstate Barred From Federal RMBS Claims Against Countrywide

U.S. District Judge Mariana Pfaelzer of Los Angeles has barred Allstate from pursuing federal securities law claims against Countrywide Financial for losses the insurer claims from residential mortgage-backed securities sold by the lender.

  • 25 Oct 2011
U.S. District Judge Mariana Pfaelzer of Los Angeles has barred Allstate from pursuing federal securities law claims against Countrywide Financial for losses the insurer claims from residential mortgage-backed securities sold by the lender. The judge, who allowed state claims to proceed, also dismissed Bank of America, Countrywide’s current ...

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2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

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