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Countrywide Investors Spar With Lender Over Expert

Law360, New York (August 06, 2009) -- Investors suing Countrywide Financial Corp. in a putative class action alleging securities fraud have called on a court to strike an expert witness affidavit filed by the mortgage lender opposing class certification, saying the document is a transparent attempt to shore up weaknesses in the expert's reports and was submitted too late.

The lead pension fund plaintiffs filed a motion in the U.S. District Court for the Central District of California on Wednesday arguing that the submission of the rebuttal expert affidavit...

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