Angelo Mozilo, former CEO of Countrywide Financial, must face trial on charges he misled investors about the risks associated with subprime lending, a judge in Los Angeles ruled.
U.S. District Judge John F. Walter denied requests from Mozilo and two other former Countrywide executives for a ruling that there were no genuine issues to be tried, Bloomberg News said.
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Former Countrywide CEO Angelo Mozilo Must Face Trial originally appeared on DailyFinance on Fri, 17 Sep 2010 06:46:00.
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