NCUA Wins Favorable Ruling in Investment Lawsuit
A U.S. Circuit Court has handed NCUA a victory in its suit against several Wall Street banks for toxic securities they sold to U.S. Central and other corporate credit unions; the appeal, which hinged on an interpretation of a federal statute of limitation clause, clears the way for NCUA to proceed in its lawsuits that allege violations of federal and state securities law. [8/28]