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Friday, Apr 19, 2024

Judge in LA trims Countrywide shareholder suit

LOS ANGELES (AP) , A federal judge in Los Angeles has thrown out claims of insider trading against all but one former executive of Countrywide Financial Corp. U.S. District Judge Mariana Pfaelzer allowed the allegations contained in a shareholders lawsuit to remain against Countrywide’s former chairman and chief executive, Angelo Mozilo. The lawsuit says he sold $478 million in shares between 2004 and 2008. For the full story click here

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