Mozilo in Settlement Talks With SEC on Fraud Charges
Talks between Mozilo, two other former executives and the SEC seem to be moving towards a settlement, The Wall Street Journal said without naming its sources. A status conference has been ordered for today, which could signal a new development in the suit.
Bank of America is not involved in the suit.
It is also possible that just one or two of the defendants would reach a deal before the trial.
Attorneys for the prosecution and the defense are preparing for trial.