Read more about the corporate crisis and how corporates have evolved since.
The pre-trial jousting in the case of NCUA vs. a roster of onetime top officers at failed corporate credit union WesCorp continued.
Legal fireworks continue to explode in the Los Angeles courtroom of Judge George H. Wu as the onetime top officers of WesCorp and the NCUA wrangle over the extent to which the regulator’s monitoring of the actions of WesCorp officials can be used as an excuse that saves them from...
Preliminary ruling says statute of limitations expired.
Former WesCorp Chief Financial Officer Todd Lane, in a point-by-point rebuttal submitted to presiding Judge George H. Wu as part of the ongoing litigation that pits NCUA against the former officers of WesCorp, has taken on every charge leveled against him by the NCUA. And, in the bargain, Lane has...
Filings note that NCUA had fulltime examiner on site, knew full well what investments were being made.
Federal judge drops charges against outside directors in big corporate's collapse.
The NCUA's recently filed amended complaint in its court battle with Siravo, et al., runs for 63 pages, but four words in bold on the front page sum up the document: Demand for Jury Trial.
In a dense, 23-page preliminary decision, Judge George H. Wu has handed out holiday cheer to former directors of Western Corporate Federal Credit Union, according to experts who have studied the decision distributed to involved parties on Monday.
Attorneys for Todd Lane, former chief financial officer of WesCorp, have filed for dismissal of the charges the NCUA has brought against him in its amended lawsuit.