2011-04-24bloomberg.com

``Bank of America said in its Aug. 20 filing that Countrywide remained a separate, wholly owned subsidiary of the bank and that, as a parent company, it can't be held liable for the mortgage lender's alleged wrongdoing... The case is Maine State Retirement System v. Countrywide Financial Corp., 10-cv-00302, U.S. District Court, Central District of California (Los Angeles). '' -- Presumably this will be able to proceed against the Countrywide subsidiary...


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