In a series of dense, closely argued and lengthy documents filed in the court of U.S. District Judge George H. Wu the inside WesCorp officers still at the knife's edge of NCUA's litigation over the failure of the big corporate have fought back.
And their counter-claim boils down to: the NCUA well knew what the corporate leaders were doing so they cannot be held responsible.
They also joined in demanding that the NCUA permit insurance policies that had been provided by WesCorp to its officers to pick up legal fees incurred by the defendants. The agency apparently has ordered the insurer to deny the claims.
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