WETHEPEOPLE VS NAVY FEDERAL

In this class action lawsuit, plaintiffs are challenging Navy Federal Credit Union for securities fraud and breach of contract. The case centers on allegations that Navy Federal engaged in deceptive practices related to securities investments, misleading members about the risks and returns associated with their investments. Additionally, the lawsuit contends that the credit union failed to uphold contractual obligations due to the absence of an active arbitration clause, which has hindered members' ability to seek resolution through arbitration. The class action seeks compensation for affected members and aims to hold Navy Federal accountable for these alleged breaches of trust and contract.