Countrywide in court: A dozen institutional investors, including TIAA-CREF, New York Life...

|By:, SA News Editor
Countrywide in court: A dozen institutional investors, including TIAA-CREF, New York Life Insurance and Dexia Holdings, accuse the BofA (BAC) unit of "massive fraud" over hundreds of millions of dollars in investments they were led to believe were low risk. Twenty defendants include Countrywide, BofA, former unit CEO Angelo Mozilo and other former execs.