February 03, 2012
A California federal judge on Thursday dismissed Allstate Insurance Co.'s case alleging Bank of America Corp. schemed to hinder Countrywide Financial Corp. creditors by obtaining the troubled financial company and stripping its assets.
January 23, 2012
A California federal judge on Monday suggested that Allstate Insurance Co.'s beefed-up lawsuit over its $700 million purchase of toxic mortgage-backed securities from Countrywide Financial Corp. still doesn't support a claim that Bank of America faces successor liability over the transaction.
October 24, 2011
A California federal judge on Friday said Allstate Insurance Corp. couldn't pursue federal claims against Countrywide Financial Corp. over a $700 million purchase of toxic mortgage-backed securities, but allowed the insurer's state law claims to go forward.