NCUA Defends Contingency Deals On Corporate Suits

by Ed Roberts

February 11, 2013

PRINT

REPRINTS

EMAIL

Tweet

WASHINGTON – NCUA told a congressional committee that a government-wide ban on contingency legal arrangements does not apply to suits it has brought against Wall Street banks over the failure of the corporate credit unions because as liquidating agents for the corporates it is not acting as a “government agency.”