Countrywide's Alleged Misstatements 'Puffery': Atty

By Jonathan Randles (August 8, 2011, 7:10 PM EDT) -- An attorney for the former CEO of Countrywide Financial Corp. told a California federal judge on Monday that his client was protected from an investor's fraud lawsuit because misstatements about the quality of Countrywide's mortgages and loans before it collapsed in 2007 were "puffery."...

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