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Regional News

Oregon Sues Countrywide


Oregon got half a million dollars in a class action settlement with Countrywide over misleading statements about the company's financial health. Now, Tony Green, in the Attorney General's Office, says they're filing a separate lawsuit to recover more of the $14-million that was lost. The State Accident Insurance fund and the Public Employee Retirement System invested the money in Countrywide between 2004 and 2008, before it was bought out by Bank of America.

 

 

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