February 03, 2012
The Oregon Department of Revenue on Thursday filed an objection in Delaware bankruptcy court to the confirmation of a Washington Mutual Inc. Chapter 11 plan, arguing that the plan improperly releases nondebtors.
February 01, 2012
A Delaware bankruptcy judge on Wednesday cleared Washington Mutual Inc. to settle a long-running feud with a class of investors in the defunct bank's litigation tracking warrants, releasing $337 million to pay back creditors that was held in reserve during the dispute.
January 20, 2012
Plaintiffs in a class action against Washington Mutual Inc. over alleged deception in the sale of mortgage-backed securities asked a Delaware bankruptcy judge Friday to recognize the class so it can pursue a claim of at least $273 million in the defunct bank's Chapter 11 case.
January 18, 2012
Bankrupt Washington Mutual Inc. and a group of hedge funds helping to craft the bank's reorganization plan asked a judge Wednesday to reject a motion that would force them to give a group of shareholders more information before the plan is confirmed, calling it an effort to stall the process.
January 11, 2012
A group of Washington Mutual Inc. shareholders on Wednesday urged a Delaware bankruptcy judge to force the bank and hedge funds involved in forging the settlement at the heart of WMI's latest proposed reorganization plan to turn over additional information before confirming the plan.
December 22, 2011
Washington Mutual Inc. asked a Delaware bankruptcy judge on Wednesday to approve a $50 million settlement with the federal government on claims related to the 1988 savings and loan crisis that the company inherited through a merger.
October 11, 2011
A Delaware judge on Tuesday appointed U.S. Bankruptcy Judge Raymond Lyons as a mediator in Washington Mutual Inc.'s bankruptcy proceedings as hedge fund creditors and an equity committee attempt to sort out barriers to confirmation of the bank holding company's Chapter 11 plan.
October 04, 2011
Washington Mutual Inc. on Monday sought a speedy confirmation of its modified Chapter 11 plan, saying it could end its bankruptcy by Oct. 31 and that it was unnecessary to delay confirmation while it went to mediation over shareholders' insider trading claims.
September 13, 2011
A Delaware bankruptcy judge on Tuesday denied Washington Mutual Inc.'s sixth attempt at a reorganization plan, and sent the bank holding company and its plan objectors to mediation before the case "devolves into a litigation morass."
September 06, 2011
A Delaware bankruptcy judge on Tuesday cleared Washington Mutual Inc. to tap its insurers for a $105 million settlement with shareholders in a multidistrict litigation alleging the failed bank abandoned risk management policies during the housing bubble.