Disputed Evidence Allowed In Countrywide Execs' Trial

Law360, New York (October 8, 2010, 7:30 PM EDT) -- A federal judge reportedly has cleared the way for the U.S. Securities and Exchange Commission to present in an upcoming trial a message written by former Countrywide Financial Corp. Chief Financial Officer Eric Sieracki in which he described himself as a “magnet” for prosecution.

Judge John Walter of the U.S. District Court for the Central District of California handed down several rulings at a pretrial hearing Friday in the SEC’s insider trading and securities fraud suit against Sieracki, Countrywide’s former Chairman Angelo Mozilo and former President...
To view the full article, register now.