States’ Countrywide lawsuits shift to federal court

by Moe Bedard on August 25, 2008

in Home Loan News

SPRINGFIELD, Ill. (Legal Newsline)-Illinois Attorney General Lisa Madigan says its lawsuit against Countrywide Financial Corp. should not be lumped with others filed by California Attorney General Jerry Brown and San Diego City Attorney Mark Aguirre, as the lender requested.

The Illinois attorney general’s office confirmed on Friday that its legal team will join Aguirre and, presumably representatives from California’s attorney general’s office, at Harvard University on Sept. 25. That’s the date a U.S. Judicial Panel on Multidistrict Litigation will decide which federal court to assign the case to, or if it will be returned to the state and city levels.

Meanwhile, the Illinois attorney general’s office has also filed a lawsuit in the Illinois federal court asking that the case be returned to the state level.

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