Todd Lane, former Western Corporate Federal Credit Unionexecutive vice president/chief financial officer filed a set ofdocuments in U.S. District Court June 20, requesting documentationfrom plaintiff NCUA that proves Lane “dictated revenue targets tobe achieved by the investment department.”

The request is a legal response to the NCUA's claims that thefailed WesCorp's budget mandated particular levels on investmentand net interest income, and as a result, dictated the level ofrisk in its investment portfolio. Lane had previously filed a motion todismiss that complaint.

Documents requested by Lane include all evidence the former CFOhad a role in WesCorp's budget process, evidence of his allegedbreach of fiduciary duty, and a list of individuals who support theclaim that Lane dictated revenue targets to be achieved byWesCorp's Investment Department.

Lane also requested details regarding the anticipated testimonyof former WesCorp Chief Risk Officer Timothy Sidley and formerChief Investment Officer Robert Burrell, including Burrell'ssettlement agreement with the NCUA.

Burrell was the subject of a May 17 cease and desist order fromthe NCUA, banning him from working with or for corporate creditunions, but allowing him to work with or for natural person creditunions. The order was part of a settlement reached between the two parties, according to May 16court documents. Burrell currently operates his own ALM advisoryfirm, ALM ViewPoint, based in the Los Angeles suburb ofLaVerne.

Sidley settled with the NCUA March 2, reportedly in exchange for histestimony against his co-defendants, which at the time includedformer CEO Robert Siravo, former Human Resources Director ThomasSwedberg, Lane and Burrell. However, neither side was willing toconfirm the details of the settlement on record, other than aprohibition order issued by NCUA that banned Sidley from allfederally insured credit unions, both corporates and retail.

Defendant Siravo has not yet settled with the NCUA.

The requested documents are due to Lane's attorneys by July20.

WesCorp was seized by the NCUA March 20, 2009, following investment lossesthat were primarily the result of high concentrations of privatelabel mortgage backed securities.