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...
Filings note that NCUA had fulltime examiner on site, knew full well what investments were being made.
Attorneys for Todd Lane, former chief financial officer of WesCorp, have filed for dismissal of the charges the NCUA has brought against him in its amended lawsuit.
The NCUA Board, serving as conservator plaintiffs in the Western Corporate FCU lawsuit, filed an amended complaint
NCUA used strong words - false, misleading, willful and malicious - to allege a scheme by former Western Corporate FCU officers Robert Siravo and Tom Swedberg to increase their Supplemental Executive Retirement Plan payouts.
An amended NCUA complaint against former officials with Western Corporate FCU added two former WesCorp employees not originally named.
The NCUA Board, serving as conservator plaintiffs in the Western Corporate FCU lawsuit, filed an amended complaint today in U.S. District Court that alleges more serious charges than those originally filed.