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By Robert McGarvey |
March 5, 2012
The NCUA today issued a prohibition order Monday against Timothy T. Sidley, onetime chief risk officer with WesCorp.
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By David Morrison |
March 4, 2012
Defendants in the litigation flowing from the liquidation of the Western Federal Corporate Credit Union have served notice that they want to depose the NCUA in the case.
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By Marc Rapport |
March 2, 2012
No financial terms were announced in the settlement between Timothy Sidley, the failed corporate’s former chief risk officer, and the NCUA.
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By David Morrison |
February 29, 2012
Defendants in the litigation flowing from the liquidation of Western Federal Corporate Credit Union have served notice to depose the NCUA Board.
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By Robert McGarvey |
January 23, 2012
The pre-trial jousting in the case of NCUA vs. a roster of onetime top officers at failed corporate credit union WesCorp continued.
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By Robert McGarvey |
January 16, 2012
Legal fireworks continue to explode in the Los Angeles courtroom of Judge George H. Wu as the onetime top officers of WesCorp and the NCUA wrangle over the extent to which the regulator’s monitoring of the actions of WesCorp officials can be used as an excuse that saves them from...
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By Robert McGarvey |
July 31, 2011
The blockbuster credit union trial of the summer won’t happen. That is the news out of Birmingham, Ala., as word circulated that the headliner suit filed by Corporate America against an all-star roster of credit union luminaries who had been officers and directors of failed U.S. Central has been settled...
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By Robert McGarvey |
July 26, 2011
Sources says settlement reached in suit over failed corporate, but mum's the word among participants.
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By Robert McGarvey |
December 23, 2010
In a dense, 23-page preliminary decision, Judge George H. Wu has handed out holiday cheer to former directors of Western Corporate Federal Credit Union, according to experts who have studied the decision distributed to involved parties on Monday.
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By Claude R. Marx |
December 22, 2010
When doing the first major overhaul of corporate credit unions in eight years, the NCUA covered the regulatory waterfront.
