Discovery Begins with Class Action Status Still to be Considered in New Mexico Coop Litigation
Posted on Jun 20, 2011 in Corporate Governance, Derivative Suits, Litigation, Patronage Capital | Comments Off on Discovery Begins with Class Action Status Still to be Considered in New Mexico Coop Litigation
After last week’s hearing, the litigation between Socorro Electric Cooperative and its members is progressing to the discovery stage of litigation. The initial focus of discovery will be on issues relating to the members’ class action status. The court has yet to address the members’ allegations that, among other things, the coop has wrongfully retained patronage capital owed to members. See the El Defensor Chieftain for more.
