The 9th Circuit Court of Appeals this week revived a lawsuit the NCUA filed against Wachovia Mortgage Loan Trust and Nomura Home Equity Loan, saying a lower court erred in ruling that the suit was not filed in a timely fashion.
NCUA filed the suit following the liquidation of Western Corporate Federal Credit Union.
In the suit, the NCUA argued that the companies made false and misleading statements in offering mortgage-back securities purchased by Wescorp.
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