Plaintiffs' Counsel Announce Pendency and Proposed Settlement of Countrywide Mortgage-Backed Securities Litigation

News provided by

Cohen Milstein Sellers & Toll PLLC, Robbins Geller Rudman & Dowd LLP and Kessler Topaz Meltzer & Check, LLP

Aug 23, 2013, 09:00 ET

LOS ANGELES, Aug. 23, 2013 /PRNewswire/ -- The following statement is being issued by Cohen Milstein Sellers & Toll PLLC, Robbins Geller Rudman & Dowd LLP and Kessler Topaz Meltzer & Check, LLP regarding the Countrywide Mortgage-Backed Securities Litigation.

UNITED STATES DISTRICT COURT
CENTRAL DISTRICT OF CALIFORNIA
WESTERN DIVISION

MAINE STATE RETIREMENT SYSTEM, Individually and On Behalf of All Others Similarly Situated, Plaintiff, vs. COUNTRYWIDE FINANCIAL CORPORATION, et al., Defendants. Case No. 2:10-CV-00302 MRP (MANx)

DAVID H. LUTHER, Individually and On Behalf of All Others Similarly Situated, Plaintiff, vs. COUNTRYWIDE FINANCIAL CORPORATION, et al., Defendants. Case No. 2:12-CV-05125 MRP (MANx)

WESTERN CONFERENCE OF TEAMSTERS PENSION TRUST FUND, Individually and On Behalf of All Others Similarly Situated, Plaintiff, vs. COUNTRYWIDE FINANCIAL CORPORATION, et al., Defendants. Case No. 2:12-CV-05122 MRP (MANx)

SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF CLASS ACTIONS, FAIRNESS HEARING AND MOTION FOR AN AWARD OF ATTORNEYS' FEES AND LITIGATION EXPENSES

TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED THE INDIVIDUAL SECURITIES ISSUED AS PART OF THE 429 OFFERINGS AT ISSUE IN THE ACTIONS DURING THE PERIOD MARCH 12, 2004 THROUGH AUGUST 7, 2013 (THE "CLASS").

Please Note: The 429 Offerings at issue in the Actions are listed below and in the detailed Notice of Pendency and Proposed Settlement of Class Actions, Fairness Hearing and Motion for an Award of Attorneys' Fees and Litigation Expenses which was mailed to potential Class Members and nominees, and also can be viewed, along with a complete list of the individual securities issued as part of the 429 Offerings, by visiting the website for the settlement, www.countrywidembssettlement.com:

NO./ISSUING TRUST

NO./ISSUING TRUST

NO./ISSUING TRUST

Alternative Loan Trust

147. 2007-12T1

287. 2007-13

1. 2005-27

148. 2007-13

288. 2007-14

2. 2005-28CB

149. 2007-14T2

289. 2007-15

3. 2005-30CB

150. 2007-15CB

290. 2007-16

4. 2005-31

151. 2007-16CB

291. 2007-17

5. 2005-32T1

152. 2007-17CB

292. 2007-18

6. 2005-33CB

153. 2007-18CB

293. 2007-19

7. 2005-34CB

154. 2007-19

294. 2007-2

8. 2005-35CB

155. 2007-1T1

295. 2007-20

9. 2005-36

156. 2007-20

296. 2007-21

10. 2005-37T1

157. 2007-21CB

297. 2007-3

11. 2005-38

158. 2007-22

298. 2007-4

12. 2005-40CB

159. 2007-23CB

299. 2007-5

13. 2005-41

160. 2007-24

300. 2007-6

14. 2005-42CB

161. 2007-2CB

301. 2007-7

15. 2005-43

162. 2007-3T1

302. 2007-8

16. 2005-44

163. 2007-4CB

303. 2007-9

17. 2005-45

164. 2007-5CB

304. 2007-HY1

18. 2005-46CB

165. 2007-6

305. 2007-HY3

19. 2005-47CB

166. 2007-7T2

306. 2007-HY4

20. 2005-48T1

167. 2007-8CB

307. 2007-HY5

21. 2005-49CB

168. 2007-9T1

308. 2007-HY6

22. 2005-50CB

169. 2007-AL1

309. 2007-HY7

23. 2005-51

170. 2007-HY2

310. 2007-HYB1

24. 2005-52CB

171. 2007-HY3

311. 2007-HYB2

25. 2005-53T2

172. 2007-HY4

312. 2007-J1

26. 2005-54CB

173. 2007-HY5R

313. 2007-J2

27. 2005-55CB

174. 2007-HY6

314. 2007-J3

28. 2005-56

175. 2007-HY7C

CWABS Asset-Backed Certificate Trust

29. 2005-57CB

176. 2007-HY8C

315. 2006-ABC1

30. 2005-58

177. 2007-HY9

316. 2005-10

31. 2005-59

178. 2007-J1

317. 2005-11

32. 2005-60T1

179. 2007-J2

318. 2005-12

33. 2005-61

180. 2007-OA10

319. 2005-13

34. 2005-62

181. 2007-OA11

320. 2005-14

35. 2005-63

182. 2007-OA2

321. 2005-15

36. 2005-64CB

183. 2007-OA3

322. 2005-16

37. 2005-65CB

184. 2007-OA4

323. 2005-17

38. 2005-67CB

185. 2007-OA6

324. 2005-4

39. 2005-70CB

186. 2007-OA7

325. 2005-5

40. 2005-71

187. 2007-OA8

326. 2005-6

41. 2005-72

188. 2007-OA9

327. 2005-7

42. 2005-73CB

189. 2007-OH1

328. 2005-8

43. 2005-74T1

190. 2007-OH2

329. 2005-9

44. 2005-75CB

191. 2007-OH3

330. 2005-AB2

45. 2005-76

Alternative Loan Trust Resecuritization

331. 2005-AB3

46. 2005-77T1

192. 2006-22R

332. 2005-AB4

47. 2005-79CB

193. 2007-26R

333. 2005-AB5

48. 2005-80CB

Alternative Loan Trust

334. 2005-BC3

49. 2005-81

194. 2005-85CB

335. 2005-BC4

50. 2005-82

195. 2005-J1

336. 2005-BC5

51. 2005-83CB

196. 2005-J3

337. 2005-HYB9

52. 2005-84

197. 2005-J4

338. 2005-IM1

53. 2005-86CB

198. 2005-J5

339. 2005-IM2

54. 2005-AR1

199. 2005-J6

340. 2005-IM3

55. 2005-1M1

200. 2005-1CB

341. 2006-1

56. 2005-J10

201. 2005-2

342. 2006-10

57. 2005-J11

202. 2005-3CB

343. 2006-11

58. 2005-J12

203. 2005-4

344. 2006-12

59. 2005-J13

204. 2005-6CB

345. 2006-13

60. 2005-J14

205. 2005-7CB

346. 2006-14

61. 2005-J7

206. 2005-9CB

347. 2006-15

62. 2005-J8

207. 2005-10CB

348. 2006-16

63. 2005-J9

208. 2005-11CB

349. 2006-17

64. 2006-11CB

209. 2005-13CB

350. 2006-18

65. 2006-12CB

210. 2005-14

351. 2006-19

66. 2006-13T1

211. 2005-16

352. 2006-2

67. 2006-14CB

212. 2005-17

353. 2006-20

68. 2006-15CB

213. 2005-18CB

354. 2006-21

69. 2006-16CB

214. 2005-19CB

355. 2006-22

70. 2006-17T1

215. 2005-20CB

356. 2006-23

71. 2006-18CB

216. 2005-21CB

357. 2006-24

72. 2006-19CB

217. 2005-22T1

358. 2006-25

73. 2006-20CB

218. 2005-23CB

359. 2006-26

74. 2006-21CB

219. 2005-24

360. 2006-3

75. 2006-23CB

220. 2005-25T1

361. 2006-4

76. 2006-24CB

221. 2005-26CB

362. 2006-5

77. 2006-25CB

222. 2005-69

363. 2006-6

78. 2006-26CB

Alternative Loan Trust Resecuritization

364. 2006-7

79. 2006-27CB

223. 2005-5R

365. 2006-8

80. 2006-28CB

Alternative Loan Trust

366. 2006-9

81. 2006-29T1

224. 2005-J2

367. 2006-BC1

82. 2006-2CB

Alternative Loan Trust Resecuritization

368. 2006-BC2

83. 2006-30T1

225. 2005-12R

369. 2006-BC3

84. 2006-31CB

Alternative Loan Trust

370. 2006-BC4

85. 2006-32CB

226. 2005-29CB

371. 2006-BC5

86. 2006-33CB

227. 2007-25

372. 2006-IM1

87. 2006-34

CHL Mortgage Pass-Through Trust

373. 2006-SPS1

88. 2006-35CB

228. 2005-15

374. 2006-SPS2

89. 2006-36T2

229. 2005-16

375. 2007-1

90. 2006-37R

230. 2005-17

376. 2007-10

91. 2006-39CB

231. 2005-18

377. 2007-11

92. 2006-40T1

232. 2005-19

378. 2007-12

93. 2006-41CB

233. 2005-20

379. 2007-13

94. 2006-42

234. 2005-21

380. 2007-2

95. 2006-43CB

235. 2005-22

381. 2007-3

96. 2006-45T1

236. 2005-23

382. 2007-4

97. 2006-46

237. 2005-24

383. 2007-5

98. 2006-4CB

238. 2005-25

384. 2007-6

99. 2006-5T2

239. 2005-26

385. 2007-7

100. 2006-6CB

240. 2005-27

386. 2007-8

101. 2006-7CB

241. 2005-28

387. 2007-9

102. 2006-8T1

242. 2005-29

388. 2007-BC1

103. 2006-9T1

243. 2005-30

389. 2007-BC2

104. 2006-HY10

244. 2005-31

390. 2007-BC3

105. 2006-HY11

245. 2005-HYB10

CWHEQ Home Equity Loan Trust

106. 2006-HY12

246. 2005-HYB4

391. Series 2006-S1

107. 2006-HY13

247. 2005-HYB5

392. Series 2006-S10

108. 2006-HY3

248. 2005-HYB6

393. Series 2006-S2

109. 2006-J1

249. 2005-HYB7

394. Series 2006-S3

110. 2006-J2

250. 2005-HYB8

395. Series 2006-S4

111. 2006-J3

251. 2005-J2

396. Series 2006-S5

112. 2006-J4

252. 2005-J3

397. Series 2006-S6

113. 2006-J5

253. 2005-J4

398. Series 2006-S7

114. 2006-J6

254. 2006-1

399. Series 2006-S8

115. 2006-J7

255. 2006-10

400. Series 2006-S9

116. 2006-J8

256. 2006-11

401. Series 2007-S1

117. 2006-OA1

257. 2006-12

402. Series 2007-S2

118. 2006-OA10

258. 2006-13

403. Series 2007-S3

119. 2006-OA11

259. 2006-14

CWHEQ Revolving Home Equity Loan Trust

120. 2006-OA12

260. 2006-15

404. Series 2005-C

121. 2006-OA14

261. 2006-16

405. Series 2005-D

122. 2006-OA16

262. 2006-17

406. Series 2005-E

123. 2006-OA17

263. 2006-18

407. Series 2005-F

124. 2006-OA18

264. 2006-19

408. Series 2005-G

125. 2006-OA19

265. 2006-20

409. Series 2005-H

126. 2006-OA2

266. 2006-21

410. Series 2005-I

127. 2006-OA21

267. 2006-3

411. Series 2005-J

128. 2006-OA22

268. 2006-6

412. Series 2005-K

129. 2006-OA3

269. 2006-8

413. Series 2005-L

130. 2006-OA6

270. 2006-9

414. Series 2005-M

131. 2006-OA7

271. 2006-HYB1

415. Series 2006-A

132. 2006-OA8

272. 2006-HYB2

416. Series 2006-B

133. 2006-OA9

273. 2006-HYB3

417. Series 2006-C

134. 2006-OC1

274. 2006-HYB4

418. Series 2006-D

135. 2006-OC10

275. 2006-HYB5

419. Series 2006-E

136. 2006-OC11

276. 2006-J1

420. Series 2006-F

137. 2006-OC2

277. 2006-J2

421. Series 2006-G

138. 2006-OC3

278. 2006-J3

422. Series 2006-H

139. 2006-OC4

279. 2006-J4

423. Series 2006-I

140. 2006-OC5

280. 2006-OA4

424. Series 2007-A

141. 2006-OC6

281. 2006-OA5

425. Series 2007-B

142. 2006-OC7

282. 2006-TM1

426. Series 2007-C

143. 2006-OC8

283. 2007-1

427. Series 2007-D

144. 2006-OC9

284. 2007-10

428. Series 2007-E

145. 2007-10CB

285. 2007-11

429. Series 2007-G

146. 2007-11T1

286. 2007-12

PLEASE READ THIS NOTICE CAREFULLY; YOUR RIGHTS WILL BE AFFECTED BY THE SETTLEMENT OF CLASS ACTION LAWSUITS PENDING IN THIS COURT.

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Central District of California, that a hearing will be held before the Honorable Mariana R. Pfaelzer, United States District Judge, on October 28, 2013 at 1:30 p.m. in Courtroom 12 of the United States Courthouse, 312 North Spring Street, Los Angeles, California 90012, for the purpose of determining, among other things, (i) whether the proposed Settlement of the above-captioned securities class actions ("Actions") for $500 million in cash is fair, reasonable, and adequate and should be approved; (ii) whether the Court should grant final certification of the Class for settlement purposes only; (iii) whether the Actions should be dismissed with prejudice as against the Defendants as set forth in the Stipulation and Agreement of Settlement dated as of July 9, 2013; (iv) whether the proposed Plan of Allocation of the Net Settlement Fund is fair and reasonable and should be approved; and (v) whether the application of Plaintiffs' Counsel for an award of attorneys' fees and expenses incurred in connection with the Actions, with interest, is reasonable and should be approved. The Court may reschedule the hearing without further written notice to the Class.

If you purchased or otherwise acquired any of the individual securities issued in any of the 429 mortgage-backed securities Offerings at issue in the Actions during the period March 12, 2004 through August 7, 2013, your rights may be affected by these Actions and the Settlement thereof, and you may be entitled to share in the Settlement proceeds. If you have not received the detailed Notice of Pendency and Proposed Settlement of Class Actions, Fairness Hearing and Motion for an Award of Attorneys' Fees and Litigation Expenses (the "Notice") and Proof of Claim and Release form, you may obtain copies of these documents free of charge by contacting the claims administrator at Countrywide MBS Settlement, c/o The Garden City Group, Inc., P.O. Box 9993, Dublin, OH 43017-5993, (866) 336-8968; email: [email protected]. Copies of these documents can also be downloaded from the website for the Actions, www.countrywidembssettlement.com, or from Plaintiffs' Counsel's respective websites.

If you are a member of the Class and wish to be eligible to receive a payment under the proposed Settlement, you must submit a Proof of Claim postmarked no later than December 15, 2013 establishing that you are entitled to recovery. As further described in the Notice, you will be bound by any judgment entered in the Actions, regardless of whether you submit a Proof of Claim, unless you request to exclude yourself from the Class, in accordance with the procedures set forth in the Notice. Requests for exclusion from the Class must be postmarked no later than October 1, 2013.

Any objections to the proposed Settlement, proposed Plan of Allocation or Plaintiffs' Counsel's application for an award of attorneys' fees and expenses must be filed and served, in accordance with the procedures set forth in the Notice, such that they are received no later than October 7, 2013.

Inquiries, other than requests for the Notice and Proof of Claim, may be made to:

Cohen Milstein Sellers & Toll PLLC
Steven J. Toll, Esq.
1100 New York Avenue, N.W.
Suite 500, West Tower
Washington, DC 20005
www.cohenmilstein.com

Robbins Geller Rudman & Dowd LLP
Spencer A. Burkholz, Esq.
655 West Broadway
Suite 1900
San Diego, CA 92101
www.rgrdlaw.com

Kessler Topaz Meltzer & Check, LLP
Andrew L. Zivitz, Esq.
280 King of Prussia Road
Radnor, PA 19087
www.ktmc.com

Requests for the Notice and Proof of Claim should be made to:

Countrywide MBS Settlement
c/o The Garden City Group, Inc.
P.O. Box 9993
Dublin, OH 43017-5993
(866) 336-8968
www.countrywidembssettlement.com

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE ABOUT THIS NOTICE.

DATED: August 7, 2013

BY ORDER OF THE UNITED STATES
DISTRICT COURT FOR THE CENTRAL
DISTRICT OF CALIFORNIA

SOURCE Cohen Milstein Sellers & Toll PLLC, Robbins Geller Rudman & Dowd LLP and Kessler Topaz Meltzer & Check, LLP

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