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Insurance company files mortgage-backed security action against Countrywide, Bank of America
- Orrick Herrington & Sutcliffe LLP
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- USA
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- November 14 2011
On November 9, 2011, National Integrity Life Insurance Co. filed a complaint against Countrywide Financial Corporation, former Countrywide executives and Bank of America in the United States District Court for the Southern District of New York, accusing Countrywide of fraud and misstatements in connection with nearly $450 million in RMBS allegedly purchased by the insurer
