Homeowners Denied Cert. In Countrywide Mortgage Suit

Law360, New York (April 27, 2010, 5:27 PM EDT) -- A federal judge has refused to certify a class of thousands of Washington state homeowners in a lawsuit accusing Countrywide Financial Corp. of misleading borrowers about the terms of their mortgage loans.

Judge Dana M. Sabraw's ruling, issued Friday in the the U.S. District Court for the Southern District of California, agreed with Countrywide's argument that each potential class claimant could fairly be brought into discovery and that, as a result, cases would more aptly be tried individually.

Named plaintiff Randall D. Buckley failed to satisfy...
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