Allstate Insurance v. Countrywide Financial Corp.
District Court, C.D. California
1Opinion of the Court
ORDER RE MOTIONS TO DISMISS THE COMPLAINT
MARIANA R. PFAELZER, District Judge.
I. INTRODUCTION & BACKGROUND
This securities action concerns residential mortgage-backed securities (“RMBS”) purchased by Allstate Insurance Company, Allstate Life Insurance Company, Allstate Life Insurance Company of New York, and American Heritage Life Insurance Company (collectively “Allstate” or “Plaintiffs”) in multiple offerings structured and sold by several of the defendants. Allstate Insurance Company and Allstate Life Insurance Company are referred to as the “Illinois Plaintiffs.” The complaint alleges…
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