US - The New York State Common Retirement Fund (CRF) and the five New York City public pension funds have reached a preliminary class action settlement agreement for US$624m with Countrywide Financial Corporation.
Under the proposed settlement, Countrywide would separately pay plaintiffs $600m and, KPMG, Countrywide's accounting firm, would pay $24m. The lawsuit alleged Countrywide, one of the country's l...
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