Oregon Suing Countrywide Over Investment Losses

Willamette Week:

Oregon officials are alleging in a lawsuit against Countrywide Financial Corp. of Delaware and its underwriters that the state’s Public Employee Retirement Fund lost $29 million because the defendants misled investors into buying “risky mortgage-backed securities.” The announcement this morning by Oregon Attorney General John Kroger and state Treasurer Ted Wheeler says Oregon is on a plaintiff [...]

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