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By Michelle A. Samaad |
September 25, 2011
Nearly a year and a half after several members sued the NCUA to recover $4 million involving the defunct New London Security Federal Credit Union, their case was recently dismissed by a federal court for missing a key deadline.
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By Michelle A. Samaad |
September 19, 2011
Several members suing the NCUA to recover $4 million involving the defunct New London Security Federal Credit Union missed a deadline and saw their case dismissed in federal court.
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By Michelle A. Samaad |
July 20, 2010
Five members of the defunct New London Security Federal Credit Union have filed a lawsuit to recoup $4 million claiming board members, staff and the CU's accounting firm among others were negligent in supervising its financial adviser.
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By Michelle A. Samaad |
July 7, 2010
The accounting firm that reviewed the financials and performed audits of the defunct New London Security Federal Credit Union's records has denied claims that it failed to detect fraudulent activity, an allegation made by NCUA in a March 19 complaint.
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By Michelle A. Samaad |
March 31, 2010
Nearly two months after the NCUA filed a suit against Wells Fargo for negligence in the case of a deceased financial adviser, the agency has filed a complaint against the CU's accounting firm to recover losses.
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By Michelle A. Samaad |
February 10, 2010
The NCUA has moved forward filing a suit to recover $12 million from the defunct New London Security Federal Credit Union after discussions to reach a settlement fell through.
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By Michelle A. Samaad |
February 3, 2010
Since discussions to settle a case involving an $11.8 million loss from the defunct New London Security Federal Credit Union fell through, the NCUA has moved forward with a suit to recover the misappropriated funds.
