Countrywide To Pay $600 Mln To Settle Class Actions

03 Aug 2010

Countrywide Financial has agreed to pay $600 million to settle several class actions brought by shareholders charging the lender with failing to disclose its growing risks during the subprime crisis.

Countrywide Financial has agreed to pay $600 million to settle several class actions brought by shareholders charging the lender with failing to disclose its growing risks during the subprime crisis. The shareholder settlement, said to be the largest on record, does not include investments in mortgage-backed securities sold ...

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