Court Affirms Precedent To Spare Countrywide Board

By Samuel Howard (October 8, 2008, 12:00 AM EDT) -- A federal judge Tuesday affirmed a Delaware law's post-merger limits on derivative shareholder claims, dealing a blow to former Countrywide Financial Corp. shareholders, who accused the company's board of directors of insider trading related to lucrative 2006 and 2007 stock repurchases....

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