The NCUA's pursuit for damages against investment bankers that sold losing investments to failed corporates has been dealt another blow.
On Friday, Los Angeles-based U.S. District Court Judge George Wu dismissed the regulator's claims against Goldman Sachs.
Like a similar NCUA suit against Barclays Capital and Credit Suisse that was dismissed July 10 in Kansas City, Kan., Wu agreed with Goldman attorneys that the NCUA's claims were time barred, meaning the regulator did not file the suit in time.
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