Until recently, Countrywide Financial Corporation was one of the largest mortgage lender in the United States.  However, a Federal District Court Judge has recently ruled that evidence exists of a widespread company culture at the firm that encouraged employees to push mortgages through without regard to underwriting standards, so as to justify a shareholder suit based on misconduct against officers and directors. 

Corporate officers and directors must comply with the law and they can be held liable to shareholders who suffer losses due to their misconduct.  Because they act on behalf of the corporation, the firm is liable for their misconduct.

If you have questions about whether you may be able to recover your Countrywide Financial Losses, please feel free to give us a call at 1-800-306-6010 or contact us online.