The ACUA fights the former Alabama One CEO’s attempt to win back the conserved credit union.
Appeal asks the ACUA to show cause for the decision to conserve the credit union within two weeks.
The ousted CEO recounts the day of the conservatorship and shares his plans for legal action.
Former Alabama One CEO removes the ACUA Administrator as a defendant; lawyers ask to stop representing the CU.
President/CEO John Dee Carruth says he plans to fight the ACUA’s decision to conserve the credit union.
ACUA accuses credit union executives and employees of taking gifts in exchange for making loans.
As the ACUA board prepares to meet tomorrow, the $600M credit union applies more legal pressure.
The troubled credit union has until Aug. 27 to counter defendants’ motions to dismiss its complaint.
More conversations regarding the troubled cooperative come to light; plus, attorney Jay Smyth speaks out in his clients' defense.