Corporate America Credit Union won round one late Thursday afternoon in its lawsuit against U.S. Central and its accounting firm RubinBrown. U.S. District Judge Inge Prytz Johnson denied RubinBrown's two motions to dismiss the case.
The order does not apply to U.S. Central's former directors and volunteers also named in the suit. That decision, which will also be written by Johnson, will be released separately.
St. Louis based RubinBrown argued a lack of personal jurisdiction, but Judge Brown opined the firm met "minimum contacts" due process in Alabama because it prepared the PIC II valuation report for U.S. Central members.
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