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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.
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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.
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By Michelle A. Samaad |
May 17, 2012
Defendants tell judge in motion seeking dismissal that former credit union was well informed of risks in collateralized debt obligations.
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By Michelle A. Samaad |
April 9, 2012
In a $100 million lawsuit from Space Coast Credit Union against several Wall Street banks and credit rating agencies, a federal judge has ordered the parties to get together at a nonbinding mediation session.
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By Michelle A. Samaad |
March 30, 2012
More than a week after Space Coast Credit Union announced its mortgage securities lawsuit against several Wall Street banks, a judge ordered mediation.
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By Michelle A. Samaad |
March 12, 2012
Florida CU names Wells Fargo, J.P. Morgan, Merrill Lynch and others for creating phony demand for residential mortgage loans.
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By Claude R. Marx |
May 23, 2011
The $3.1 billion Space Coast Credit Union has filed a suit against two investment firms over the alleged misrepresentation of a collateralized debt obligation that the cooperative said led to financial losses.
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By Claude R. Marx |
April 27, 2011
Space Coast CU is suing Barclays and State Street Securities over investment losses that led to its takeover of Eastern Financial CU.
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By Michelle A. Samaad |
May 6, 2009
Three days after the NCUA took control of Eastern Financial Florida Credit Union, Space Coast Credit Union, appointed by the regulator to temporarily manage the Miramar, Fla.-based financial institution, has proposed a merger of the two credit unions.
