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No Countrywide for Old Men: Officers Must Face Lawsuit

nytimes.com — Directors and officers of Countrywide Financial, the beleaguered mortgage lender, must answer shareholder accusations of insider trading and an overall failure to monitor lending practices that led to the company ’s collapse, a federal judge in California has ruled.

Bury
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  • caferrell, on 05/19/2008, -0/+4Halleluyah! Send these criminals to the Big House where thy belong.
  • kemp34, on 05/19/2008, -0/+2Angelo Mozilo cashed out nearly $500 million in options right before they announced terrible results stemming from sub prime losses in early 2007. The guy is trash.
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