securities litigation

Sub-Prime Problems Go Countrywide

New York Times: Judge Says Countrywide Officers Must Face Suit by Shareholders. Directors and officers of Countrywide Financial, the beleaguered mortgage lender, must answer shareholder accusations of insider trading and an overall failure to monitor lending practices that led to the company’s collapse, a federal judge in California has ruled.

I’ve added Countrywide Financial Corp. contracts to the website, including the Investment Agreement between Countrywide Financial Corp. and Bank of America.