In three separate lawsuits that involve U.S. Central Federal Credit Union and Western Corporate Federal Credit Union, defendants argue plaintiffs don't have the right to sue, because charges are so-called "derivative claims."
And, they're citing the dismissed 1997 CapCorp case as precedent.
In Corporate Central Credit Union's suit against U.S. Central Federal Credit Union, defendant NCUA cited Lafayette Federal Credit Union v. National Credit Union Administration, which it said was dismissed due to a "lack of standing" per federal law.
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