Countrywide Expert Affidavit Nixed In Securities Action

Law360, New York (August 13, 2009, 12:14 PM EDT) -- The federal judge in charge of a putative class action accusing Countrywide Financial Corp. of securities fraud has granted investors' bid to strike an expert witness affidavit opposing class certification, which they argued the lender filed too late.

Judge Mariana R. Pfaelzer of the U.S. District Court for the Central District of California on Wednesday granted, without a hearing, the plaintiffs' motion to strike the affidavit of finance expert Sanjiv Das.

The lead pension fund plaintiffs — including New York State Comptroller Thomas P. DiNapoli —...
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