Top plaintiffs named in lender suits
From Times Wire Services
A federal judge has named two New York pension funds as lead plaintiffs for five class- action lawsuits accusing Countrywide Financial Corp. of Calabasas of inflating earnings and overstating its ability to weather the housing slump.
U.S. District Judge Mariana Pfaelzer in Los Angeles appointed New York state Comptroller Thomas DiNapoli, who oversees the New York State Common Retirement Fund, and the New York City Pension Funds as co-lead plaintiffs for the investor lawsuits.
