August 20, 2012
A California federal judge refused to toss most claims against Countrywide Financial Corp. on Friday in a suit brought by Massachusetts Mutual Life Insurance as part of multidistrict litigation over allegedly faulty mortgage-backed securities certificates, while letting the lender's parent Bank of America Corp. off the hook.
April 17, 2012
A California federal judge on Monday trimmed a suit brought by Massachusetts Mutual Life Insurance Co. against Countrywide Financial Corp. as part of multidistrict litigation over allegedly faulty mortgage-backed securities certificates, ruling that only underwriter defendants in the case were potentially liable.