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This is a complaint filed by A.I.G. subsidiary United Guaranty Mortgage Indemnity Co. against Countrywide and The Bank of New York Trust Co. in the United States District Court, Central District of California.The complaint alleges that Countrywide misrepresented the character and nature of billions of dollars of loans insured by United Guaranty. United Guaranty seeks rescission of insurance coverage and damages for amounts paid under its policies.
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