Countrywide Docs Restricted In NY RMBS Fraud Actions

Law360, New York (January 9, 2014, 5:20 PM EST) -- A federal judge on Wednesday made clear that parties in the Federal Housing Finance Agency’s coordinated suits pending in New York, which accuse Bank of America Corp. and others of misrepresenting billions of dollars in residential mortgage-backed securities, may not use documents produced in a related California action involving Countrywide Financial Corp.

U.S. District Judge Denise Cote of the Southern District of New York ruled that while Bank of America has argued that the defendants in the New York cases should be allowed to use all...
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