The risks tied to collateralized debt obligations remains the focal point of Space Coast Credit Union's lawsuit against several Wall Street banks and credit ratings agencies.
Space Coast spokeswoman Meredith Gibson reiterated the credit union's position it had when the complaint was initially filed.
"The depiction of the level of risk associated with these investments, and therefore Eastern's ability to make a sound risk-based decision, is at the heart of the legal action," Gibson wrote in a statement to Credit Union Times.
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