Countrywide, AIG Clash Over Venue For Dueling Suits

Law360, New York (April 24, 2009, 12:00 AM EDT) -- Countrywide Financial Corp. is seeking to trump a federal suit filed against it by an American International Group Inc. unit with a competing state court action, asking a district judge to stay and ultimately remand claims that it misrepresented risk on mortgage insurance policies it held with the AIG unit.

Countrywide filed a motion Thursday to stay United Guaranty Mortgage Indemnity Co.'s suit in the U.S. District Court for the Central District of California, pending the court's decision on its motions to remand the case to...
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