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Countrywide Financial Corporation Case 10/30/2007

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Lawsuit Overview

<p>According to a press release dated October 31, 2007, the complaint alleges that the Defendants issued a series of materially false and misleading statements and omitted material facts concerning the Company’s lending practices and internal controls. In this regard, Countrywide allegedly misrepresented its position in the mortgage market by stating that the current downcycle i...



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