Andy Keeney presented "Current Litigation Risks" at a NAFCU conference on October 28, 2016.

1. Current Litigation Risks
NAFCU
October 28, 2016
E. Andrew Keeney, Esq.
Kaufman & Canoles, P.C.

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E. Andrew Keeney, Esq.
Kaufman & Canoles, P.C.
150 West Main Street, Suite 2100
Norfolk, VA 23510
(757) 624-3153
eakeeney@kaufcan.com
http://www.kaufmanandcanoles.com/movies/credit-unions.html

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Overview and Agenda
• Trends and Traps
• Class Action Litigation
• Bond
• Indemnification
• Methods or Means to Reduce Litigation Risks
• Best Practices and Takeaways

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Trends and Traps
• Repossessions
• ADA
• FMLA
• FCRA
• Courtesy Pay
• MLA

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Class Action Litigation
Class Action Fairness Act of 2005
“Class actions can be a way of leveling the
playing field for poor or economically less
powerful individuals.”

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Class Action Litigation
• Numerosity
• Commality
• Typicality
• Adequacy of representation

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Methods or Means to Reduce
Class Action Litigation Risks
• Promptly investigate all of the facts
• Fix any mistakes – immediately
• Class action counsel
• Consider arbitration
• Pleadings – Motion to Dismiss
• Settlement

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Bond
• Who is covered?
• What is covered?
• What are the coverage limits and the
deductible?

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Indemnification
• Credit union bylaws
• State laws
• Board resolution
http://www.kaufcan.com/industries/credit_unions.htm

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Courtesy Pay

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Best Practices and Takeaways
• Documentation
• Credit union policies
• Litigation hold
• Bond coverage
• Reports and monitoring
• Fight or settle?

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E. Andrew Keeney, Esq.
Kaufman & Canoles, P.C.
150 West Main Street, Suite 2100
Norfolk, VA 23510
(757) 624-3153
eakeeney@kaufcan.com
http://www.kaufmanandcanoles.com/movies/credit-unions.html

18. Current Litigation Risks
NAFCU
October 28, 2016
E. Andrew Keeney, Esq.
Kaufman & Canoles, P.C.