Court hearing Tuesday on whether former WesCorp CEO's attorneys can collect depositions from NCUA chiefs.
In Monday filings on behalf of the NCUA in the litigation the regulator has brought against a group of onetime top WesCorp executives, the agency’s lawyers sought dismissal of a range of claims made by the defendants.
Filings note that NCUA had fulltime examiner on site, knew full well what investments were being made.
Federal judge drops charges against outside directors in big corporate's collapse.
Judge says he plans to dismiss NCUA complaints against former directors, continue them against execs of failed corporate.
The NCUA's recently filed amended complaint in its court battle with Siravo, et al., runs for 63 pages, but four words in bold on the front page sum up the document: Demand for Jury Trial.
It's not over until it's over.
The NCUA served 18 former executives and directors of U.S. Central with demand letters, alleging their breach of fiduciary duty contributed to the conserved corporate's losses.