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FEDERAL HOME LOAN BANK OF SAN FRANCISCO v. COUNTRYWIDE FINANCIAL CORP.

No. A135898.

214 Cal.App.4th 1520 (2013)

154 Cal. Rptr. 3d 873

FEDERAL HOME LOAN BANK OF SAN FRANCISCO, Plaintiff and Appellant, v. COUNTRYWIDE FINANCIAL CORPORATION, Defendant and Respondent.

Court of Appeals of California, First District, Division Five.

March 29, 2013.

Attorney(s) appearing for the Case

Goodin, MacBride, Squeri, Day & Lamprey, Robert A. Goodin , Francine T. Radford , Anne H. Hartman ; Grais & Ellsworth , David J. Grais , Kathryn C. Ellsworth and Owen L. Cyrulnik for Plaintiff and Appellant.

Shearman & Sterling, Stephen D. Hibbard and John Gueli for Defendant and Respondent.

OPINION

JONES, P. J. —

The trial court concluded res judicata barred Federal Home Loan Bank of San Francisco's (the Bank) claim against Countrywide Financial Corporation (Countrywide Financial) and sustained Countrywide Financial's demurrer to the first amended complaint without leave to amend.

The Bank appeals. It contends the court erred by concluding res judicata barred...

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