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By Michelle A. Samaad |
March 20, 2013
Judge says complaints lacked detail on fraud allegations against brokers but that credit union can come back with more details.
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By Michelle A. Samaad |
February 8, 2013
Federal court in Florida says it needs more time to review motions from banks and ratings agencies.
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By Myriam DiGiovanni |
July 30, 2012
Sure, there are challenges, but overall, this may be a great time to be a credit union marketer.
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July 22, 2012
Four years ago, our nation was thrown into the deepest economic morass since the Great Depression. No question, the situation was dire. People lost their jobs and their homes. Banks and companies closed. Government officials scrambled to help bolster our fragile economy.
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July 16, 2012
A loan participation suit filed two years ago against the defunct Eastern Financial Florida Credit Union to recoup millions in losses will not include Space Coast Credit Union, a federal court recently ruled.
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By Michelle A. Samaad |
July 9, 2012
Federal court says not enough merit to proceed in case over participation loan losses.
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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.
