August 20, 2014 3:40 PM

US prepares civil suit against Countrywide’s Mozilo, sources say

More than 12 months after a deadline passed to file criminal charges, the US attorney’s office in Los Angeles is preparing a civil lawsuit against Countrywide co-founder Angelo Mozilo and as many as 10 other former Countrywide employees, according to two people with knowledge of the matter.

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