trending Market Intelligence /marketintelligence/en/news-insights/trending/mx2MBxTTOj6tl72E7Mj3QA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Former ZIA CU exec awarded $1.5M over land deal lawsuit

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Former ZIA CU exec awarded $1.5M over land deal lawsuit

A former senior vice president of ZIA CU was awarded $1.5 million in damages over a 2015 lawsuit involving a land deal, the Albuquerque (N.M.) Journal reported Dec. 18.

The jury on Dec. 16 awarded Edwin Ortiz $800,000 in actual damages and $700,000 in punitive damages, the publication wrote.

In 2007, a company offered to buy 1.3 acres of land that Ortiz had inherited, according to the news source. Ortiz informed ZIA CU's board about the offer and ZIA, which was considering an expansion, bought the property for $1.6 million.

In May 2012, ZIA President Larry Knoll fired Ortiz claiming that Ortiz played an improper part in the transaction and deceived the credit union about the property's real price, the publication reported. In its counterclaim, ZIA said Ortiz allegedly failed to disclose an appraisal that said the property was only worth $500,000. However, Ortiz maintained that the board was aware that Ortiz owned the property and of the two land appraisals.

Ross Crown, a lawyer for ZIA, told the publication that the Los Alamos, N.M.-based credit union will appeal the verdict.