One more item for the Bank of America/Countrywide/mortgage meltdown file. Delaware Chancery Court Judge Leo Strine delivered a scathing attack on lawyers who tried to pursue a derivative suit against Bank of America over its disastrous Countrywide purchase, saying they failed to come up with a rational explanation for why BoA directors allegedly broke the law.
One more item for the Bank of America/Countrywide/mortgage meltdown file. Delaware Chancery Court Judge Leo Strine delivered a scathing attack on lawyers who tried to pursue a derivative suit against Bank of America over its disastrous Countrywide purchase, saying they failed to come up with a rational explanation for why BoA directors allegedly broke the law.
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