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BofA, Countrywide Near Deal With 1031 Client Class

By Hilary Russ ( December 21, 2009, 5:20 PM EST) -- Bank of America NA and Countrywide Bank FSB appear to have reached a tentative settlement with clients of bankrupt exchange fund The 1031 Tax Group LLC who claimed, in a $140 million class action, that a host of banks and other firms facilitated a scheme linked to convicted Ponzi fraudster Edward H. Okun....

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