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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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.69
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.77

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1 Citi 50,403.75 160 10.75%
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3 Wells Fargo Securities 37,802.87 110 8.06%
4 Bank of America Merrill Lynch 35,114.60 112 7.49%
5 Credit Suisse 30,324.55 94 6.47%