WICHITA, Kan. – A federal judge has set a hearing for April 29, when he will consider whether to delay as many as eight of NCUA’s suits claiming recompense from Wall Street banks over the corporate credit union debacle and whether the cases should be consolidated.

U.S. Judge John Lungstrum will consider whether to issue a stay in the proceedings while an appeals court reviews whether NCUA waited too long to file the suits. The U.S. Court of Appeals for the Tenth Circuit is reviewing the lower court’s ruling in NCUA’s suit against RBS Securities and Wachovia Capital (now a unit of Wells Fargo), but the ruling will affect the outcome of similar NCUA suits against JP Morgan Chase, UBS Securities, Credit Suisse Securities, Barclay’s Capital and several others.

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