Michigan sues countrywide for 65 Million in pension losses.

sarcasmo

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Sat Jan-29-11 10:03 AM
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Michigan sues countrywide for 65 Million in pension losses.

Source: Detroit News

Snip< "Countrywide's stock was artificially inflated during the class period because defendants made these false and misleading statements, which concealed their fundamental shift in core mortgage-related business strategy," Schuette's office said in the statement.

Snip< "It is unfortunate that select investors chose to opt out of a fair and equitable agreement to settle these issues," Shirley Norton, a Bank of America spokeswoman, said in an e-mail. "We intend to vigorously defend these claims."

Read more: http://detroitnews.com/article/20110129/BIZ/101290314/1001/Michigan-sues-Countrywide-for-$65M-in-pension-losses

More corporate lies from Bank of America.

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