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By Michelle A. Samaad |
December 18, 2011
In the ongoing pursuit to recover alleged mismanaged funds, another lawsuit tied to the collapse of New London Security Federal Credit Union has been dismissed.
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By Michelle A. Samaad |
December 14, 2011
For the second time in nearly as many months, another lawsuit tied to the collapse of New London Security Federal Credit Union has been dismissed.
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By Michelle A. Samaad |
December 22, 2010
The five members who are suing the NCUA for what they claim was negligence on the agency's part in the collapse two years ago of New London Security Federal Credit Union will have to wait to recover any monetary damages.
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By Michelle A. Samaad |
December 13, 2010
As the liquidating agent, the NCUA said by law, it is the party, not members or others, to pursue actions first to recover monetary losses that followed the failure of New London Security Federal Credit Union.
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By Michelle A. Samaad |
September 8, 2010
More than two years since New London Security Federal Credit Union was liquidated after alleged investment fraud led to its
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By Michelle A. Samaad |
July 7, 2010
The accounting firm that reviewed the financials and performed audits of the defunct New London Security Federal Credit Union's records has denied claims that it failed to detect fraudulent activity, an allegation made by NCUA in a March 19 complaint.
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By Michelle A. Samaad |
June 21, 2010
In response to an NCUA complaint, the auditors for New London Security Federal Credit Union have denied claims of professional malpractice for the cooperative that was liquidated in 2008.
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By Michelle A. Samaad |
March 31, 2010
Nearly two months after the NCUA filed a suit against Wells Fargo for negligence in the case of a deceased financial adviser, the agency has filed a complaint against the CU's accounting firm to recover losses.
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By Michelle A. Samaad |
February 10, 2010
The NCUA has moved forward filing a suit to recover $12 million from the defunct New London Security Federal Credit Union after discussions to reach a settlement fell through.
