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Goldman Sued For $491m

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The National Credit Union Administration has filed suit in California against Goldman Sach alleging violations of US federal and state securities laws, as well as misrepresentations in the sale of securities to now-failed U.S. Central and Western Corporate federal credit unions.

JPMorgan & Royal Bank of Scotland Sued For Over $800m Damages

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The US National Credit Union Administration (NCUA) has filed two suits against securities firms alleging violations of federal and state securities laws and misrepresentations in the sale of hundreds of securities. Additional law suits may follow in order to recover losses from the purchase of securities that caused the failures of five, large wholesale credit unions.

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