Countrywide Financial Agrees to Pay $600 Million to Settle Shareholders' Class-Action Lawsuits

Los Angeles Times
August 2, 2010

Joel H. Bernstein commented on the settlement in the securities class action litigation against Countrywide Financial

"It is the largest settlement of any shareholder case to come out of the subprime crisis this far," said Joel Bernstein, attorney for New York state and city pension funds that were the lead plaintiffs.