AIG, Countrywide in legal duel over subprime loans

Monday, March 23rd, 2009 Liability Litigation

An American International Group Inc. unit and Countrywide Financial Corp., now part of Bank of America Corp., have sued each other, alleging breach of contract, over a dispute about insurance losses for subprime mortgage loans now in default.

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http://www.businessinsurance.com/cgi-bin/news.pl?id=15782&pageNo=1

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