The NCUA filed suit late last month against David Addison, former CEO of Texans Credit Union, accusing him of breach of fiduciary duty and gross negligence that led to the $1.4 billion credit union’s April 2011 conservatorship.
A Pittsburgh attorney, on behalf of three blind clients, has sued seven credit unions and several more banks, claiming their ATMs don’t comply with the Americans with Disabilities Act’s standards for accessible design.
Credit union found not liable for continuing contract with JM Floyd after company says automatic renewal followed merger.
Terry Maloy says Community 1st CU in Ottumwa falsely accused him of sexual harassment and seeks $1.5 million retention benefit.
The issue of lawyers filing a growing number of lawsuits over ATMs missing disclosure signs has moved from being a mere nuisance to credit unions to meetings with federal lawmakers and President Obama’s administration seeking relief.
An Ohio church has alleged NCUA staff committed fraud when they did not allow it to withdraw its funds from the failing St. Paul Croatian Federal Credit Union.
Preliminary ruling says statute of limitations expired.
Investment house says it informed corporates of risk.
This article will be among the news and features filling the pages of the next print edition of Credit Union Times.
Agency adds to list of actions filed against investment banks in wake of corporate collapses.