http://www.reuters.com/article/2013/05/07/us-bankofamerica-aig-lawsuit-idUSBRE9460WF20130507

AIG may pursue fraud case versus BofA over CountrywideCredit: Reuters/Issei Kato A woman stands in front of an AIG logo in Tokyo March 3, 2009. District Judge Mariana Pfaelzer in Los Angeles on Monday said AIG could pursue claims that Countrywide falsely represented in offering documents that it followed underwriting guidelines, as part of a “company-wide culture of abandonment of underwriting standards and wholesale use of ‘exceptions.'” Pfaelzer dismissed AIG claims related to alleged oral misstatements and negligent misrepresentations.

Embedly Powered