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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: ogi who wrote (55962)	1/25/2008 4:37:17 PM
From: TheSlowLane	Read Replies (1) of 78429

Countrywide's Underwriters Sued for Fraud by New York Officials By David Mildenberg Jan. 25 (Bloomberg) -- Goldman Sachs Group Inc. and 25 other underwriters of Countrywide Financial Corp., the biggest U.S. mortgage lender, were named as defendants in a suit by New York state and city officials for allegedly making misleading statements about the company's prospects. New York City Comptroller William Thompson Jr. and state Comptroller Thomas DiNapoli added the 26 securities firms, two accounting companies and additional Countrywide officers and directors as plaintiffs in the investor securities-fraud lawsuit filed last year in federal court, according to a statement issued today by Thompson's office. The state and city pension funds' combined losses due to Countrywide's declining stock price were as much as $100 million, Thompson said on Nov. 30. A call to Calabasas, California-based Countrywide's media office wasn't immediately returned. To contact the reporter on this story: David Mildenberg in Charlotte at dmildenberg@bloomberg.net Last Updated: January 25, 2008 16:00 EST bloomberg.com

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