In this federal securities class action, E&C serves as sole lead counsel, representing a class of investors who purchased certain Countrywide Financial Corporation (“Countrywide”) debentures. The action alleges that the defendants made gross misstatements and omissions of material facts concerning Countrywide’s under-reserved portfolio of mortgage-backed securities and seriously deteriorating financial condition, resulting from increased delinquencies and defaults on subprime loans.

• Class Action Complaint (PDF | 3.61 M)
• Decision Appointing Lead Plaintiff and Lead Counsel (PDF | 2.68 M)
• Memorandum of Points and Authorities in Support of Appointment as Lead Plaintiff (PDF | 1.19 M)
• Order Appointing Lead Plaintiff and Lead Counsel (PDF | 1.11 M)
• Second Amended Class Action Complaint (PDF | 2.97 M)
• Third Amended Complaint (PDF | 1.21 M)