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