A federal judge in Los Angeles has tentatively approved a $500 million settlement between Countrywide Financial Corp. and investors in its mortgage-backed securities.

U.S. District Judge Mariana Pfaelzer issued her order on Monday, according to attorneys in the case. She had preliminarily approved the settlement, which includes $89 million in attorney fees and costs, on August 7.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]