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: Bodily Injury Blog

Class Action to Go Forward Against Countrywide

By Edward Bills

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A class-action suit against Countrywide Financial Corp alleging the company guided borrowers toward riskier mortgages to increase profits will go forward. Countrywide had asked for the case to be dismissed, but U.S. District Judge Dana Sabraw found that there was enough indication of a 'racketeering enterprise' to continue the case in addition to dismissing the company's motion to remove state claims. Bank of America, which acquired Countrywide last year, said they believe the case is meritless and will continue to fight the allegations.

Full post as published by Bodily Injury Blog on June 01, 2009 (boomark / email).

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