Monday, February 28, 2011

Investors sue BofA, seek Countrywide loan buyback – Reuters

Wed Feb 23, 2011 9:37pm EST
* False representations alleged in “putback” lawsuit
* Bank of America calls complaint meritless
* Bank of NY Mellon, the trustee, declines to comment (Adds Bank of New York Mellon comment)
By Jonathan Stempel
NEW YORK, Feb 23 (Reuters) – Bank of America Corp (BAC.N) has been sued by investors who want the largest U.S. bank to buy back mortgage loans that underlie more than $ 1.06 billion of securities they hold, citing misrepresentations by its

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