U.S. Attorney Asks Court To Reconsider Countrywide Loan Case

The panel determined that while Countrywide had intentionally breached its contracts, it did not amount to fraud because the company had not planned to deceive its customers when it initially signed the contracts.

Preet Bharara is not giving up on bringing civil charges for “the Hustle.” In an unusual move, the U.S. attorney for Manhattan’s Southern District has asked a three-judge panel on the Second Circuit Court of Appeals to reconsider a ruling that overturned a verdict that foundCountrywide Home Loans and a bank executive liable for fraud. The…

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