Opting-Out Investors Sue BoA

01 Aug 2011

Investors in Countrywide Financial that opted out of a $624 settlement last year over losses from sour mortgages have sued Bank of America, the lender’s current owner, charging securities fraud.

Investors in Countrywide Financial that opted out of a $624 settlement last year over losses from sour mortgages have sued Bank of America, the lender’s current owner, charging securities fraud. Among the plaintiffs in the lawsuit, which was filed in U.S. District Court in Los Angeles, are BlackRock, ...

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