Quinn Emanuel Secures Landmark Victory for San Diego County Credit Union

Thrilled to share a critical win for our client, San Diego County Credit Union (SDCCU) — San Diego's largest and longest-serving credit union.

SDCCU sought to exit a proposed $13 billion merger with California Coast Credit Union after uncovering serious compliance failures. When Cal Coast filed for an emergency injunction to prevent SDCCU from terminating the merger agreement, SDCCU stood its ground and hired Quinn Emanuel – because it is the premier firm to litigate mergers and acquisitions disputes.

After 6 months of intense litigation and a full day preliminary injunction hearing, San Diego Superior Court Judge Carolyn M. Caietti yesterday issued a significant ruling denying Cal Coast's preliminary injunction motion, ruling that the evidence demonstrated "widespread institutional compliance issues" and a failure to implement systems preventing discriminatory practices. With the merger agreement terminated, SDCCU can now move forward with its business with no merger and free of the merger-related constraints that Cal Coast sought to impose.

This outcome reflects not just a significant legal victory, but reflects SDCCU’s highest business principles and values. We are proud to have represented SDCCU in this most important matter and thank its leadership for putting its trust in our team.

Immense congratulations to Partners Derek Shaffer, Mike Carlinsky, Jonathan Feder, and Chris Tayback; Of Counsels Todd Beattie and J ‘me Forrest; Associates Joseph Tahbaz, Zach Lustbader, Miriam George, Fei Lu, Aj Aiqiao Wood, Christine Botvinnik, Julia Rodrigues, and Miles Malley, and Foreign Law Consultant Pedro Souza. Thank you also to our assistants and paralegals Catherine Quach, Jake Stern, and Ryan Render; staff attorneys Sarah Kern, Michelle Gesser, Jeffrey Shandel; litigation support team members Jonathan Shipler and Denesh Naranjan; and Word Processing support from Pam McKenna.