The 2010 holiday season was not the normal slowdown period in the news business.

A preliminary ruling in the WesCorp lawsuit came across our desks. The ruling, which won't be finalized until later this month, tentatively dismisses charges of breach of fiduciary against former directors of WesCorp. However, the judge allowed the case for breach of fiduciary duty and fraud to continue against former WesCorp CEO Bob Siravo and other former senior executives at WesCorp.

The suit stirred up many feelings over the last year, from cheers to jeers. Though some didn't sign on as plaintiffs prior to the NCUA's takeover of the case, they cheered in the background. Others questioned the validity of the suit to begin with and the eventual cost of it. It got a lot of play in the media because of the big names charged, like Siravo and CUNA CEO Bill Cheney, and big stakes involved-not just the money but possibly all the defendants' careers. In the end, the judge found that the volunteers did not shirk their responsibilities, but the case for the executives is an entirely different deal. It will continue to grab headlines in 2011, and our new correspondent covering corporate credit unions, Robert McGarvey, will be on the case.