CDOs

• Space Coast CU $100 Million CDO Suit Dismissed, Court Permits Amended Complaint

  By Michelle A. Samaad  |  March 20, 2013

  Judge says complaints lacked detail on fraud allegations against brokers but that credit union can come back with more details.

• Space Coast CU’s Mortgage-Backed Securities Suit on Hold

  By Michelle A. Samaad  |  February 8, 2013

  Federal court in Florida says it needs more time to review motions from banks and ratings agencies.

• WesCorp Losses Center of DOJ’s Suit against S&P

  By Heather Anderson  |  February 5, 2013

  Justice Department cites failed corporate in lawsuit, says S&P rigged ratings to please bank customers.

• Eastern Financial Knew the CDO Risks, Says Wall Street

  By Michelle A. Samaad  |  May 29, 2012

  Several Wall Street banks and credit rating agencies are claiming that the former Eastern Financial Florida Credit Union knew the risks going in before investing in $100 million in collateralized debt obligations.

• Space Coast Stands by Position in $100 Million CDO Suit

  By Michelle A. Samaad  |  May 18, 2012

  The risks tied to collateralized debt obligations remains the focal point of Space Coast Credit Union’s lawsuit against Wall Street banks and credit raters.