Countrywide, BofNY reach bond lawsuit settlement

WILMINGTON, Del. - Bank of New York Mellon and mortgage lender Countrywide Financial have settled a Delaware Chancery Court lawsuit involving Countrywide bondholders. As the trustee of holders of some $2 billion in Countrywide notes, Bank of New York claimed in the lawsuit that bondholders should have received the option to keep the notes or cash them in when Bank of America... [read full story]                    

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