Suit Challenges Savings Closures: Rhode Island Gov....
- Share via
From Times Staff and Wire reports
Suit Challenges Savings Closures: Rhode Island Gov. Bruce G. Sundlun violated state and federal constitutional standards when he closed 45 banks and credit unions, according to a lawsuit. “In effect, the governor is confiscating people’s property without due process,” said attorney Stephen J. Fortunato Jr., who filed the class-action lawsuit on behalf of a depositor at the Rhode Island Central Credit Union. The lawsuit seeks the release of $276 million in frozen assets at the credit union.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
