U.S. District Court in Los Angeles

• Former EVP Gets Prison, $1 Million in Restitution From Federal Judge

  By Peter Strozniak  |  March 27, 2013

  Carol Ann Ferraro convicted of embezzling $968,000 from $102 million Chaffey FCU in Upland, Calif.

• WesCorp Losses Center of DOJ’s Suit against S&P

  By Heather Anderson  |  February 5, 2013

  Justice Department cites failed corporate in lawsuit, says S&P rigged ratings to please bank customers.

• NCUA’s Buckham Ordered to Depose in Siravo Suit

  By Heather Anderson  |  October 14, 2012

  U.S. Magistrate Judge Margaret A. Nagle has denied the NCUA’s motion to prevent former Director of the Office of Corporate Credit Unions Kent Buckham from giving a deposition to former WesCorp CEO Robert Siravo’s defense attorneys in the ongoing case that was originally filed by seven former WesCorp member credit...

• NCUA Fighting Depositions from Matz, Hyland and Buckham in Siravo Suit

  By Heather Anderson  |  October 8, 2012

  Court hearing Tuesday on whether former WesCorp CEO's attorneys can collect depositions from NCUA chiefs.

• Xceed Financial Settles Overdraft Suit

  By Peter Strozniak  |  July 26, 2012

  California credit union one of seven hit with actions over alleged re-sequencing of debit card transactions.

• Former WesCorp Chief Investment Officer Settles With NCUA, Banned From Corporates

  By Heather Anderson  |  May 17, 2012

  The NCUA’s settlement with former Western Corporate FCU Chief Investment Officer Robert Burrell has been finalized, court documents show.

• Cheney et al Request Dismissal of NCUA Suit in WesCorp Suit

  By Claude R. Marx  |  November 2, 2010

  Attorneys for CUNA President/CEO Bill Cheney and other former WesCorp directors and one former executive asked a judge to dismiss NCUA's lawsuit alleging a breach of fiduciary duty and negligence.