It's not just the NCUA that is seeking to streamline the way itdoes business – U.S. District Judge Julie Robinson in Kansas hasstreamlined NCUA suits against Wall Street firms that sold losing securities toU.S. Central Federal Credit Union and Western Corporate FederalCredit Union.
Robinson granted June 1 a motion by defendant Wachovia Capital Markets that two lawsuits filed by the NCUA,which both include Wachovia as defendants, be consolidated forpurposes of pretrial proceedings and trial.
“It is clear to this court that these cases contain commonquestions of face and law, and that consolidation would serve theinterest of judicial efficiency,” Robinson wrote in courtdocuments.
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