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VENSURE FED. CREDIT UNION v. NAT. CREDIT UNION

Civil Action No. 11-785(RMC).

798 F.Supp.2d 1 (2011)

VENSURE FEDERAL CREDIT UNION, Plaintiff, v. NATIONAL CREDIT UNION ADMINISTRATION, Defendant.

United States District Court, District of Columbia.

June 24, 2011.

Attorney(s) appearing for the Case

James Meadows, Boies, Schiller & Flexner LLP, New York, NY, Tanya S. Chutkan, Boies, Schiller & Flexner, LLP, Washington, DC, for Plaintiff.

John G. Interrante, U.S. Attorney's Office, Washington, DC, for Defendant.

MEMORANDUM OPINION

ROSEMARY M. COLLYER, District Judge.

On April 15, 2011, National Credit Union Administration ("NCUA") placed Vensure Federal Credit Union ("Vensure") into conservatorship, pursuant to the Federal Credit Union Act, 12 U.S.C. §§ 1751 et seq. Vensure filed a petition to show cause challenging the conservatorship under 12 U.S.C. § 1751(h)(3), which requires "the Board to show cause why it should not be enjoined from continuing...

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