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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 19, 2012
The $3 billion Space Coast Credit Union recently filed suit against Merrill Lynch, Wachovia Capital, Barclays Capital, Lehman Brothers’ former CEO Richard Fuld and major U.S. credit rating agencies, Standard & Poor’s and Moody’s, alleging that the defendants caused more than $100 million in losses to Eastern Financial Florida...
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By Michelle Samaad |
March 12, 2012
Doug Samuels, president/CEO of Space Coast Credit Union, knows its mortgage securities suit against several Wall Street giants may be an arduous undertaking.
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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 Michelle A. Samaad |
December 13, 2011
A merger by another name?
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By Michelle A. Samaad |
July 24, 2011
At one point, the high-flying commercial lending CUSO formed through Eastern Financial Florida Credit Union funded more than $200 million in business loans and served dozens of credit unions nationwide.
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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.
