Lehman Brothers

• Space Coast CU $100 Million CDO Suit Dismissed, Court Permits Amended Complaint

  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.

• Space Coast CU’s Mortgage-Backed Securities Suit on Hold

  By Michelle A. Samaad  |  February 8, 2013

  Federal court in Florida says it needs more time to review motions from banks and ratings agencies.

• Amid Bank Industry's Woes, Time for CUs to Shine

  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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  Guest Opinion: Dodd-Frank: Two Years and Counting

  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.

• Space Coast CU Dropped From Suit

  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.

• Space Coast Dismissed from Sperry Associates FCU Loan Participation Suit

  By Michelle A. Samaad  |  July 9, 2012

  Federal court says not enough merit to proceed in case over participation loan losses.

• Eastern Financial Knew the CDO Risks, Says Wall Street

  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.

• Space Coast Stands by Position in $100 Million CDO Suit

  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.

• Wall Street Bank Suit: Eastern Financial Florida CU Aware of CDO Risks

  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.

• Space Coast Ordered to Mediation in CDO Case

  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.