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BofA, Allstate End $700 Million Mortgage Securities Suit

BofA, Allstate End $700 Million Mortgage Securities Suit

Bank of America Corp. (BAC)’s Countrywide unit and insurer Allstate Corp. (ALL) settled a 2010 lawsuit over $700 million in devalued mortgage backed securities, according to a filing in Los Angeles federal court. No terms of the accord were revealed in court papers.

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