Terms of settlement with failed corporate's former chief investment officer, Robert Burrell, were not released.
Agency discounts reports that settlement reached with former WesCorp chief investment officer Robert Burrell.
The NCUA today issued a prohibition order Monday against Timothy T. Sidley, onetime chief risk officer with WesCorp.
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.
No financial terms were announced in the settlement between Timothy Sidley, the failed corporate’s former chief risk officer, and the NCUA.
Defendants in the litigation flowing from the liquidation of Western Federal Corporate Credit Union have served notice to depose the NCUA Board.
The pre-trial jousting in the case of NCUA vs. a roster of onetime top officers at failed corporate credit union WesCorp continued.
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...
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.
Former WesCorp Chief Financial Officer Todd Lane, in a point-by-point rebuttal submitted to presiding Judge George H. Wu as part of the ongoing litigation that pits NCUA against the former officers of WesCorp, has taken on every charge leveled against him by the NCUA. And, in the bargain, Lane has...