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Countrywide Merger Doesn't Bar Investor Suit, Del. Court Told

By Jamie Santo (July 3, 2013, 9:10 PM EDT) -- Former Countrywide Financial Corp. shareholders argued Wednesday they still have standing to pursue derivative claims against its top brass despite a subsequent merger, telling the Delaware Supreme Court the officials' alleged fraud leading up to the deal trumps the fact it divested the investors of ownership in the company....

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