-
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.
-
By Michelle A. Samaad |
July 9, 2012
Federal court says not enough merit to proceed in case over participation loan losses.
-
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.
-
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.
-
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.
-
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.
-
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.
-
By Michelle A. Samaad |
March 19, 2012
The $3 billion Space Coast Credit Union recently filed suit against Merrill Lynch, Wachovia Capital, Barclays Capital, Lehman Brothers’ former CEO Richard Fuld and major U.S. credit rating agencies, Standard & Poor’s and Moody’s, alleging that the defendants caused more than $100 million in losses to Eastern Financial Florida...
-
By Michelle Samaad |
March 12, 2012
Doug Samuels, president/CEO of Space Coast Credit Union, knows its mortgage securities suit against several Wall Street giants may be an arduous undertaking.
