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Countrywide Financial Faces First Sarbanes-Oxley Lawsuit Over Inadequate Controls, Says Lindsay Jenkins

Countrywide Financial Faces First Sarbanes-Oxley Lawsuit Over Inadequate Controls, Says Lindsay Jenkins

by Rick Turoczy on August 9, 2005

Countrywide Financial faces a Sarbanes- Oxley lawsuit from a disgruntled borrower who claims that Countrywide has inadequate internal financial controls to comply with federal law. Mrs. Lindsay Jenkins filed her lawsuit in U.S. District Court for the Northern District of Illinois (Jenkins v. Mozilo). The lawsuit also lodges sex discrimination claims. The lawsuit represents one of the first cases brought pursuant to the remedial provisions of the Sarbanes-Oxley statute.

Countrywide Financial Faces First Sarbanes-Oxley Lawsuit Over Inadequate Controls, Says Lindsay Jenkins

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