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LAFAYETTE FED. CREDIT UNION v. NAT. CREDIT UNION

Civil No. 96-1685-A.

960 F.Supp. 999 (1997)

LAFAYETTE FEDERAL CREDIT UNION, et al., Plaintiffs, v. NATIONAL CREDIT UNION ADMIN., et al., Defendants.

United States District Court, E.D. Virginia, Alexandria Division.

April 16, 1997.

Attorney(s) appearing for the Case

Christopher B. Mead, London & Mead, Washington, DC, for Plaintiffs.

Richard Parker, Assistant U.S. Attorney, Alexandria, VA, for Defendants.

MEMORANDUM OPINION

CACHERIS, Chief Judge.

This matter comes before the Court on Defendants' Motion to Dismiss. For the reasons set forth below, Defendants' Motion is GRANTED.

Facts.

Plaintiffs are ninety-six credit unions and former holders of Preferred Capital Shares ("PCS") in now-defunct Capital Corporate Credit Union ("CapCorp").1 CapCorp was a credit union that provided financial services only to...

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