Investigation and pending class action lawsuit against Countrywide and all those responsible for overseeing the employees' retirement plan claiming the organization acted illegally causing thousands of 401(k) plan participants to lose millions of dollars during the recent stock collapse.
The class action lawsuit alleges that Countrywide intentionally misled investors and kept Countrywide finances from employees in an effort to keep employees invested in Countrywide stock.
Name (Stock Symbol)
Countrywide Financial Corporation
Countrywide Financial Corporation originates, services and resells home loans. It is owned by Bank of America.
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