Washington Mutual Inc

Aurelius withdraws support of WaMu bankruptcy plan

Washington Mutual Inc.'s bankruptcy reorganization plan is now being challenged by a hedge fund that supported it.

The plan is based on the settlement of lawsuits that pitted Washington Mutual, the Federal Deposit Insurance Corp. and JPMorgan Chase against one another after the FDIC seized WaMu's flagship bank in 2008 in the largest bank failure in U.S. history. The assets were sold to JPMorgan.

Aurelius Capital Management said Wednesday that WaMu has been denied access to some $4 billion in cash improperly held by JPMorgan, which is paying far less interest to WaMu under the settlement than it would otherwise. Aurelius says that with WaMu being deprived of that value and incurring mounting bankruptcy costs, the settlement has become more valuable to JPMorgan than to Washington Mutual.

Washington Mutual Inc - News


Aurelius withdraws support of WaMu bankruptcy plan
Aurelius withdraws support of WaMu bankruptcy plan

Washington Mutual Inc.'s bankruptcy reorganization plan is now being challenged by a hedge fund that supported it. The plan is based on the settlement of lawsuits that pitted Washington Mutual, the Federal Deposit Insurance Corp. and JPMorgan Chase



Aurelius withdraws support of WaMu bankruptcy plan

Washington Mutual Inc.'s bankruptcy reorganization plan is now being challenged by a hedge fund that supported it. The plan is based on the settlement of lawsuits that pitted Washington Mutual, the Federal Deposit Insurance Corp. and JPMorgan Chase



The Daily Docket: Aurelius Balks at Washington Mutual Probe

Aurelius Capital Management, one of the big hedge funds accused of benefiting from insider trading in the bankruptcy case of Washington Mutual Inc., says it's the victim of a “shakedown” by the committee representing aggrieved



Washington Mutual Reorganization Accord With Shareholders Said to Collapse
Washington Mutual Reorganization Accord With Shareholders Said to Collapse

Washington Mutual Inc.'s agreement with shareholders, aimed at ending opposition to the company's more than $7 billion reorganization proposal, has fallen apart, three people with direct



AMERICAN NATIONAL INSURANCE COMPANY v. FEDERAL DEPOSIT INSURANCE CORPORATION

Applying that standard to the complaint before us, we assume the following facts: Prior to September 2008, Washington Mutual Bank ("WMB"), a wholly owned subsidiary of Washington Mutual, Inc. ("WMI"), was the nation's largest savings and loan




Bondholder legal case over WaMu physical condition revived

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Washington Mutual Inc - Bookshelf

Washington Mutual, Inc., International Competitive Benchmarks and Financial Gap Analysis

Washington Mutual, Inc., International Competitive Benchmarks and Financial Gap Analysis


Corporate social responsibility, doing the most good for your company and your cause

Corporate social responsibility, doing the most good for your company and your cause

WASHINGTON MUTUAL, INC. With a history dating back to 1889, Washington Mutual, Inc.—or WaMu, as it is known—is a national financial institution with a 115- ...

International Directory of Company Histories

International Directory of Company Histories

19TH-CENTURY ORIGINS The birth of the financial institution responsible for forming Washington Mutual, Inc., occurred shortly after the near-death of the ...

Where are we now, 12 things you need to know about public opinion and public schools, a report from Public Agenda

Where are we now, 12 things you need to know about public opinion and public schools, a report from Public Agenda


Pigs on parade, a benefit for the Pike Place Market Foundation : the official guide to seeking swine on Seattle city streets

Pigs on parade, a benefit for the Pike Place Market Foundation : the official guide to seeking swine on Seattle city streets


Casual Guide Directory


Washington Mutual
Official site of Washington Mutual bank. Learn about account and loan choices such as checking, savings, and home equity. Manage your account online and find branches and ATMs near you. Explore the diversified line of banking products and services for consumers and businesses at WaMu.

Washington Mutual - Wikipedia, the free encyclopedia
Washington Mutual, Inc.'s banking subsidiaries were closed by the OTS, placed into the ... The holding company Washington Mutual, Inc. ( the former bank owner) ...

Providian
Provider of credit cards and deposit products to customers throughout the United States.

Waste Management Inc (WM:US) Stock Quote & Analysis - Bloomberg
Stock analysis for WM:US. Get stock price, historical stock charts & news for Waste Management Inc, in the Non-hazardous Waste Disp industry.

Washington Mutual: Information from Answers.com
Washington Mutual's appetite got the best of it in 2002 when Dime Bancorp Inc. ... Washington Mutual, Inc.'s banking subsidiaries were closed by the OTS, placed into the ...