LOS ANGELES-Lawyers for NCUA last week defended their bid to bar testimony from NCUA Board members Debbie Matz and Gigi Hyland in the civil trial of former WesCorp FCU CEO Bob Siravo by insisting the two board members "have no direct personal factual information" about the 2009 collapse of the one-time $32-billion corporate credit union.

The NCUA lawyers are seeking to block Siravo's request to depose the NCUA Board members in his attempt to prove that the risky investments that sunk WesCorp were approved of before hand by NCUA. The NCUA lawyers claim that federal law bars the depositions of high agency officials unless those officials have a "direct personal factual information pertaining to material issues in an action" or "the information to be gained is not available through other sources."

A court hearing on the NCUA bid is scheduled for July 31 (more info can be found at www.cujournal.com).

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