Legal Opinion

In Re Countrywide Financial Corporation Securities Litigation

District Court, C.D. California

Decided December 1, 2008No. CV-07-05295-MRP (MANx)PublishedCited by 64 opinions

1Opinion of the Court

OMNIBUS ORDER ON DEFENDANTS’ MOTIONS TO DISMISS THE CONSOLIDATED AMENDED COMPLAINT AND ALL PENDING REQUESTS FOR JUDICIAL NOTICE

MARIANA R. PFAELZER, District Judge.

INTRODUCTION

This Court has consolidated numerous securities actions related to Countrywide Financial Corporation (“Countrywide”) 1 into three cases pending before it. 2 The present case involves publicly traded equity securities and publicly traded, unsecured debt instruments that Countrywide used to raise capital from investors.

On August 14, 2007, George Pappas, on behalf of himself and all others similarly situated, filed suit…

2Cases cited84 opinions

  1. Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
  2. Lopez v. SmithCourt of Appeals for the Ninth Circuit · 2000
  3. Lewis v. CaseySupreme Court of the United States · 1996
  4. Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
  5. Basic Inc. v. LevinsonSupreme Court of the United States · 1988

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3Cited by64 opinions

  1. Stichting Pensioenfonds ABP v. Countrywide Financial Corp.District Court, C.D. California · 2011
  2. Freudenberg v. E Trade Financial Corp.District Court, S.D. New York · 2010
  3. MBIA Insurance v. Countrywide Home Loans, Inc.Appellate Division of the Supreme Court of the State of New York · 2011
  4. WPP Luxembourg Gamma Three Sarl v. Spot Runner, Inc.Court of Appeals for the Ninth Circuit · 2011
  5. New Mexico State Investment Council v. Ernst & Young LLPCourt of Appeals for the Ninth Circuit · 2011

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