Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Tucoemas FCU must pay punitive damages
WASHINGTON (4/22/08)—Tucoemas FCU, of Visalia, Calif., must pay punitive damages equaling more than $1.5 million to a former executive who claimed she was pushed out of her job after being diagnosed with cancer and undergoing its incumbent treatments. The U.S. Supreme Court this week decline to hear an appeal of a lower court’s damages award, thereby exhausting the credit union’s options to challenge the award granted to Kim McGee, a former Tucoemas vice president. Tucoemas FCU had argued that under federal case law, a federal credit union is defined as a”federal instrumentality” and is therefore exempt from paying punitive damages in civil cases. The California's 5th District Court of Appeal had ruled that the”federal instrumentality designation” only covers a federal credit union in tax and bankruptcy matters and is not relevant to other areas of law. The Supreme Court's decision to not hear the case means that the California Court of Appeal's decision stands. It has been reported that the punitive damages will be paid in addition to about $1.8 million in compensatory damages, including lawyers' fees and lost wages. McGee's appeal-related expenses alone were about $600,000.


RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
13 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
15 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
17 hours ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
17 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
19 hours ago