Certain state and local government officials’ lawsuits on violations of state consumer protection laws are ongoing against Countrywide Financial Corporation and various of its wholly owned subsidiaries.
CFC is a Bank of America Corporation subsidiary.
These actions include lawsuits brought by the…
Bank of America Corporation’s subsidiary, Countrywide Financial Corporation, is cooperating with inquiries initiated by the Securities and Exchange Commission.
Beginning in March 2008, certain news media reported that numerous industry participants, including CFC, were subject to an investigation by the Federal…
Countrywide Financial Corporation remains subject to proceedings filed by certain state and local government officials stemming from alleged violations of state consumer protection laws.
These proceedings against the Company include lawsuits brought by the state attorneys general of California, Connecticut,…
Countrywide Financial Corporation intends to ask the Delaware Court of Chancery to dismiss the shareholder derivative action filed ostensibly on behalf of Countrywide Capital V (CCV) on various grounds.
The derivative action was filed on behalf of CCV, a Delaware…
Countrywide Financial Corporation faces investigations conducted by the U.S. Securities and Exchange Commission and the Federal Bureau of Investigation.
The Company has responded to subpoenas from the SEC, which has advised the Company that it is conducting a formal investigation.…
Countrywide Financial Corporation intends to ask the U.S. District Court for the Southern District of New York to dismiss the shareholder derivative action filed ostensibly on behalf of the Federal Home Loan Mortgage Corp. on various grounds.
The Company has…
Countrywide Financial Corporation continues to be a named defendant in a case filed in the Delaware Court of Chancery by the Bank of New York Mellon in its capacity as indenture trustee.
The Bank sued the Company with respect to certain…
The consolidated shareholder derivative action filed by the International Brotherhood of Electrical Workers against certain officers and directors of Countrywide Financial Corporation remains pending.
The Company has been named as a nominal defendant in the consolidated shareholder derivative action in…
Countrywide Financial Corporation is cooperating with the Federal Trade Commission in its investigation into the Company’s loan servicing activities.
The FTC has issued Civil Investigative Demands for Documentary Material and for Written Interrogatories and Report.
The CIDs direct Countrywide Financial…
Countrywide Financial Corporation intends to ask the U.S. District Court for the District of Columbia to dismiss the shareholder derivative action filed ostensibly on behalf of the Federal National Mortgage Association on various grounds.
The Company has been named as one…