MassMutual Brings New RMBS Suit Against Countrywide Execs

Law360, New York (April 24, 2012, 5:43 PM EDT) -- Massachusetts Mutual Life Insurance Co. launched a suit Friday in California state court against a number of Countrywide Financial Corp. executives over alleged false statements that induced it to buy faulty residential mortgage-backed securities, following last week's removal of the individuals from a federal suit.

The executives were trimmed last week from a similar suit by MassMutual against Countrywide brought in Massachusetts federal court, then moved to California federal court as part of multidistrict litigation against Countrywide, because the court said it lacked personal jurisdiction over...
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