Arkansas Teacher Retirement System v. Mozilo, et al.

CONCLUDED

Oral Argument
07/03/13 – 07/03/13

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Play button overlay 45f08f27c7337d189e8c31e635b5d0a0781b273131135cd77ee8b6f12366e7a2

Summary

In this Oral Argument, Plaintiff Arkansas Teacher Retire System’s counsel alleged Angelo Mozilo and other defendants of misconduct and complete abandonment of regard for their fiduciary duties, including lack of good faith and lack of due care and oversight of Countrywide Financial Corporation’s lending practices, financial reporting, and internal controls, as well as the sale by certain of the Company's officers and directors of over $780 million of Countrywide stock at inflated prices, while in possession of material inside information, between 2004 and 2007.
The plaintiff was represented by attorney Stuart Grant. The defendant in this case, Angelo Mozilo and other defendants were represented by attorney Brian Pastuszenki.

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