What's Being Sought In Members' Lawsuit

On May 25, DFCU members Richard Sly and Raymond Ward filed a complaint with the US District Court for the Eastern District of Michigan seeking injunctive relief to allow:

* Inspection of DFCU records relating to conversion effort

* Receipt of names and addresses of all DFCU members

* Prohibition of DFCU monies spent to influence vote for board members' removal

* Prohibition from using DFCU employees to influence vote for removal of the board

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER