Delta Community CEO Reiterates CU’s Position in Lawsuit Appeal
Rick Foley, CEO of Delta Community Credit Union, offered more assurance that the financial institution has a strong legal basis to appeal in the case of a $75 million judgment award involving an alleged breach of contract.
“We’re obviously upset that any amount was granted to the plaintiff, but we are particularly upset by an award of this size. We think it’s unwarranted and contrary to the facts or applicable law. We will file an appeal and believe we have a strong legal basis for doing so,” Foley wrote in a Feb. 1 internal letter to Delta Community employees obtained by Credit Union Times.