The clock is ticking for the filing of arguments in the appeal of the NCUA vs. Barclays Capital, a case that had been thrown out by U.S. District Judge John W. Lungstrum in Kansas.
Lungstrum, in his July 9 ruling, said the regulator had filed after the statute of limitations had run out.
The case revolves around the sale by Barclays of some $555 million in securities to failed corporate credit unions WesCorp and U.S. Central in 2006 and 2007. It is one of many cases filed by NCUA in the aftermath of the collapse of several big corporate credit unions.
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