Countrywide Says FDIC's $250M MBS Suit Is Untimely

By Keith Goldberg · October 5, 2012, 2:42 PM EDT

Countrywide Financial Corp. on Thursday urged a judge to dismiss as time-barred claims it fraudulently sold $250 million in residential mortgage-backed securities to now-defunct Franklin Bank, allegations that are part of...

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Case Information

Case Title

Federal Deposit Insurance Corporation as Receiver for Franklin Bank, S.S.B. v. Countrywide Securities Corporation et al

Case Number

2:12-cv-03279

Court

California Central

Nature of Suit

Securities/Commodities

Date Filed

April 16, 2012