Purchasers of Countrywide Financial Corporation Common Stock May Receive a Payment From a $48.15 Million Proposed Class Action Settlement

LOS ANGELES, Sept. 6, 2012 /PRNewswire-USNewswire/ -- The following is being issued by the Distribution Agent of the Mozilo Fair Fund, Rust Consulting.

On July 12, 2012, the Honorable John F. Walter, U.S. District Court Judge for the Central District of California, approved a Plan of Distribution for a Fair Fund in the Securities and Exchange Commission v. Angelo Mozilo, David Sambol and Eric Sieracki, Case No. CV 09-3994 JFW (MANx). The Securities and Exchange Commission ("SEC") has recovered $48.15 million in cash (the "Fair Fund") as part of the settlement of the Action by the SEC that Mozilo, Sambol and Sieracki allegedly violated Section 17(a) of the Securities Act of l933, Section 10(b) of the Securities Exchange Act of l934 and Rule 10b-5 thereunder, based upon alleged manipulation of the price of publicly traded common stock of Countrywide Financial Corporation ("Countrywide"). The Fair Fund will be distributed to Eligible Claimants who submit valid Proof of Claim Forms or who have already submitted Proof of Claim Forms in the In re Countrywide Financial Corporation Securities Litigation, No. CV 07-05295 MRP (MANx).

Who is Eligible?

If you purchased or otherwise acquired Countrywide common stock (CUSIP No. 222372104) during the Relevant Period (March 1, 2005 through April 24, 2008), you may be eligible to participate in the Mozilo Fair Fund and receive a payment.

How Much Will I Receive?

A Plan of Allocation has been prepared that provides for the Distribution Agent to determine each Eligible Claimant's Approved Claim based on each Eligible Claimant's purchases of Countrywide common stock during the Relevant Period. The Net Fair Fund will be allocated to each Eligible Claimant pro rata based upon the ratio of the Approved Claim of each Eligible Claimant to the aggregate Approved Claims of all Eligible Claimants.

For more specific information regarding the Plan of Allocation and how to determine each Eligible Claimant's Distribution Amount, please review the Plan of Allocation which is available for download at www.MoziloFairFund.com.

How Do I Receive Payment?

To qualify for a distribution payment, if you did not submit a valid Proof of Claim in the Countrywide Class Action, you must file a signed Proof of Claim Form with the Distribution Agent on or before the Claims Filing Deadline, December 9, 2012. The Proof of Claim Form is available for download at www.MoziloFairFund.com.

Be sure to complete all information requested on the Proof of Claim Form that applies to you including your signature, and include sufficient documentation reflecting your purchases, acquisitions, sales and holdings of Countrywide common stock shares as requested. If you do not provide all required information and sign the Proof of Claim Form, your claim may be rejected.

If you submitted a valid Proof of Claim in the Countrywide Class Action, the trading information you already supplied will be used to determine your Fair Fund claim. Please DO NOT submit another Proof of Claim Form.

Claim Filing Deadline


Your completed Proof of Claim Form must be postmarked no later than the Claims Filing Deadline of December 9, 2012 and mailed to the following address: SEC v. Mozilo Fair Fund
, c/o Rust Consulting, Inc., 
Distribution Agent
, P.O. Box 8045, 
Faribault, MN 55021-9445.

Do I Give Up Any Legal Rights by Submitting a Proof of Claim?

By participating in the distribution of the Fair Fund, you will not be releasing any rights or claims you may have against any party, including, without limitation, Countrywide Financial Corporation and/or their past and present directors, officers, advisors and agents.

Inquiries

For more information you can contact the Distribution Agent by calling the toll-free number, 1-877-225-9893; emailing your inquiry to [email protected]; or visiting the website at www.MoziloFairFund.com.

SOURCE Distribution Agent of the Mozilo Fair Fund, Rust Consulting