Countrywide Pact Nears Approval

Word Count: 333 | Companies Featured in This Article: Bank of America WILMINGTON, Del. -- A corporate-law judge Thursday granted preliminary approval to a settlement that ends a lawsuit over Countrywide Financial Corp.'s sale to Bank of America Corp. But he set a date to hear from shareholders who said the settlement agreement trades away potential damage claims for nothing. The settlement at issue is between Countrywide and individual shareholders who sued in Delaware's corporate-law court, challenging the... [read full story]