Mergers & Acquisitions
Apr. 3, 2008
Judge Defers to Delaware on Countrywide Merger
A federal judge in Los Angeles significantly reduced the chances that Countrywide executives will have to give up hundreds of millions of dollars to settle a lawsuit with shareholders.
Daily Journal Staff Writer
This article appears on Page 2
LOS ANGELES - Countrywide executives can take a deep breath. In one vast order, a federal judge in Los Angeles significantly reduced the chances that they'll have to give up hundreds of millions of dollars to settle a lawsuit with shareholders in her court.
In a 27-page ruling issued Friday...
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