Prime Countrywide Merger Suit Moves Toward Deal

By Marc Tracy

Law360, New York (July 07, 2008, 12:00 AM ET) -- Countrywide Financial Corp. appeared one step closer to fending off a shareholder challenge to Bank of America Corp.'s proposed $4.1 billion purchase as a Delaware judge tentatively approved a class action settlement concerning the merger over the objections of the plaintiffs in a separate securities suit against the troubled lender.

Vice Chancellor John W. Noble of the Delaware Court of Chancery signed a joint stipulation of settlement on July 3 following a hearing, according to Jeffrey Golan of Barrack, Rodos & Bacine, which is representing the...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles