In an opinion released this afternoon, Judge Castel dismissed claims that Bank of America committed securities fraud by describing its due diligence on Countrywide as “extensive” and by allegedly failing to disclose the full litigation and regulatory exposure of Countrywide at the time of the acquisition.  Judge Castel concluded that “plaintiff offers only a retrospective critique of BofA’s analysis concerning Countrywide’s exposure.”  The word “hindsight” appears six times in the opinion.