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Lenders in the NewsCountrywide Ordered to Open Books | 2007-10-03Countrywide Financial Corp. was ordered Wednesday to open its books and records to assist an investigation into possible manipulation of stock option grants to executives. The order came as part of the Louisiana Municipal Police Employees' Retirement System lawsuit filed in Delaware Chancery Court last year that accused the Calabasas lender of a “statistical correlation” between some grants and short-term stock price increases. 2007-10-03 Source: LA Business Journal Full Story |
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