WICHITA, Kan. – A federal appeals court on Friday directed NCUA and Barclays Capital to negotiate a possible settlement of claims in the corporate credit union crisis, as a preliminary step to formal review of a lower court ruling dismissing NCUA’s $555 million suit against the Wall Street bank.

The purpose of the mediation session is to explore any possibilities for settlement and to resolve procedural issues, according to an order issued by the U.S. Court of Appeals for the Tenth Circuit. The session is scheduled as a telephone conference call for August 15.

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