US insurer Allstate has been dealt a legal blow after a California court ruled that it could not hold Bank of America (BoA) liable for the toxic assets the insurer bought from Countrywide Financial Corporation (CFC).
US insurer Allstate has been dealt a legal blow after a California court ruled that it could not hold Bank of America (BoA) liable for the toxic assets the insurer bought from Countrywide Financial Corporation (CFC).