LOS ANGELES - Dismissal of federal securities law claims brought by the Federal Deposit Insurance Corp., as receiver for a failed bank, against Countrywide Securities Corp., certain of its subsidiaries and others is proper because the FDIC's claims are time-barred, a federal judge in California ruled April 8 (In re Countrywide Financial Corp. Mortgage-Backed Securities Litigation, No. 11-ML-2265, $(Federal Deposit Insurance Corp., as Receiver for Colonial Bank, v. Countrywide Securities Corp...(read more)![]()
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