Search
 

NCUA Using Outside Counsel for Suits Against Securities Firms

Experienced litigators in such matters retained by agency, which declines to speculate on costs.

By Claude R. Marx | Updated on June 23, 2011

The NCUA has hired three outside law firms to represent it in the lawsuits it filed Monday that seek more than $800 million from RBS Securities Inc. and J.P. Morgan Securities.

The agency, which is alleging that the investment banks gave incomplete and misleading information to corporate credit unions when selling them residential mortgage backed securities, has retained two law firms with expertise in such litigation: Washington-based Kellogg, Huber, Hansen, Todd, Evans & Figel and Chicago-based Korein Tillery.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.