Countrywide Investors Spar With Lender Over Expert

Law360, New York (August 6, 2009, 5:41 PM EDT) -- 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 more than two weeks...
To view the full article, register now.