Countrywide Atty Seeks To Bar 'Flying Blind' E-Mail

Law360, New York (May 6, 2010, 6:25 AM EDT) -- A lawyer for Countrywide Financial Corp. told a judge Wednesday that an e-mail from the company's former CEO expressing uncertainty about the risks of mortgage products should not factor into a hedge fund's securities suit over the lender's merger with Bank of America Corp.

Cleary Gottlieb Steen & Hamilton LLP attorney Meredith E. Kotler argued on behalf of Countrywide in the U.S. District Court for the Southern District of New York, asking Judge Richard M. Berman to dismiss investor SRM Master Global Fund Ltd.’s case with...
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