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Fraud Proof Bar Lowered For Insurers In BofA Suits

By Eric Hornbeck (January 3, 2012, 7:42 PM EST) -- A New York state judge ruled Tuesday that monoline insurers suing Bank of America Corp.'s Countrywide Financial Corp. over billions of dollars in losses don't need to prove that Countrywide's alleged misrepresentations about the quality of securitized mortgages led directly to those loans' default....

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