Lawyers for the NCUA and the now closed Kappa Alpha Psi Federal Credit Union have asked U.S. District Judge Emmet Sullivan to reschedule deadlines for their briefs and to postpone when he will hear arguments in their case.
Lawyers from both the NCUA and the credit union made a joint request to the court to postpone the date by which KAPFCU would have to provide arguments as to why it has the authority to block the credit union's liquidation and what the standard of review the court should use from noon Aug. 16 to noon Aug. 23. The parties also asked that the court schedule a hearing on the case between Sept. 15 and 30.
"Significant events have transpired since the Aug. 11 order prompting the parties to seek leave from the court to alter the deadlines," the lawyers wrote in their joint motion. The motion did not mention that the agency has since moved forward with the liquidation.
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