NCUA Fires Another Round in WesCorp Suit
The NCUA's recently filed amended complaint in its court battle with Siravo, et al., runs for 63 pages, but four words in bold on the front page sum up the document: Demand for Jury Trial.
In prior opinions, the presiding judge, George H. Wu of the Central District of California, had expressed doubt that NCUA could put together a credible case against the WesCorp outside directors. Wu implied he intended to dismiss those charges but he gave NCUA the opportunity to amend its complaint. (In those same opinions, Wu seemed set to proceed to trial against most of the WesCorp officers.)