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OIG Tells Issa That Contingency Fees Are Reasonable

NCUA Inspector General William DeSarno told House Oversight and Government Reform Chairman Darrell Issa (R-Calif.) in a letter that amounts paid to attorneys working under contingency contracts on securities fraud suits are reasonable and are not unnecessarily high.

By Heather Anderson | Updated on February 20, 2013

NCUA Inspector General William DeSarno told House Oversight and Government Reform Chairman Darrell Issa (R-Calif.) in a letter that amounts paid to attorneys working under contingency contracts on securities fraud suits are reasonable and are not unnecessarily high.

The agency’s Office of the Inspector General reached the conclusion based upon an independent review of costs. However, the highly redacted report shields that information from the federally insured credit unions that are repaying corporate losses through assessments.

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