News Minute: Here is the latest California news from The Associated Press - San Diego, California News Station - KFMB Channel 8 - cbs8.com

News Minute: Here is the latest California news from The Associated Press

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LOS ANGELES (AP) - Authorities say a pipe break that flooded UCLA's famed Pauley Pavilion has now released 20 million gallons of water and continues to gush. The Los Angeles Department of Water and Power says the century-old pipe that burst on Sunset Boulevard is releasing about 1,000 gallons of water a minute despite shutdown efforts.

NEW YORK (AP) - A federal judge has imposed a $1.3 billion civil penalty against Bank of America for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were advertised as safe investments. The fine was against Countrywide Financial, which Bank of America purchased in 2008 as the financial crisis was unfolding. A jury found in October 2013 that BofA was liable for Countrywide's role in selling risky loans to the government housing agencies.

JAMUL, Calif. (AP) - Authorities in San Diego are investigating the death of a skydiver this morning. U-T San Diego reports the man died near the Otay Lakes when his parachute did not open. Skydive San Diego owner Buzz Fink says the man had brand new equipment that included a device that automatically deploys the chute in an emergency.

EL MONTE, Calif. (AP) - Authorities have arrested more than a dozen people in a Southern California gang crackdown. The U.S. attorney's office says 17 alleged members and associates of the El Monte Flores gang were taken into custody today as more than 400 federal agents and local police conducted raids in the Los Angeles suburb and adjoining South El Monte.

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