Meredith Gibson

• 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.

• 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.

• Space Coast, Wall Street Banks Ordered to Attend Mediation

  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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  CUSO Can Falter After Mergers and Conservatorships

  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.

• Space Coast Sues Barclays, State Street

  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.

• Eastern Financial Florida Becomes Relic

  By Michelle A. Samaad  |  May 12, 2010

  Eleven years after the now-defunct Eastern Airlines first flew the skies from its Miami-based hub, a credit union chartered to serve the carrier's employees made its debut.