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Countrywide Investors Lose Bid to Stop Settlement Over Buyout

July 4 (Bloomberg) — Investors suing over Bank of America Corp.’s $2.5 billion buyout of Countrywide Financial Corp. lost an attempt to stop a settlement of claims that company officials sold the largest U.S. home lender too cheaply.
Delaware Chancery Judge John Noble yesterday refused to put on hold a settlement of lawsuits alleging Countrywide directors’ [...]

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