Search
 

Kansas Judge Consolidates Two NCUA Securities Fraud Suits

Suits against Wachovia Capital Markets for U.S. Central, WesCorp losses combined into one.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

It’s not just the NCUA that is seeking to streamline the way it does business – U.S. District Judge Julie Robinson in Kansas has streamlined NCUA suits against Wall Street firms that sold losing securities to U.S. Central Federal Credit Union and Western Corporate Federal Credit 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 for purposes of pretrial proceedings and trial.

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?

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.