Prudential's MBS Racketeering Claims Too Late: Countrywide

Prudential's MBS Racketeering Claims Too Late: Countrywide

Bank of America Corp. unit Countrywide Financial Corp. urged a California federal judge on Friday to dismiss New Jersey state law racketeering claims in Prudential Life Insurance Co.'s suit alleging it used omission and misrepresentation to sell low-quality mortgage-backed securities, saying Prudential waited too long to bring the claims.

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