Securities Class Clings To $39M Claim In WaMu Ch.11

Law360, New York (August 13, 2009, 6:38 PM EDT) -- Plaintiffs in a securities class action against Washington Mutual Inc. have asked the bankruptcy court not to throw out their $39 million claim against WaMu, despite the company's argument that it's no longer liable because it was dropped from the suit.

The creditor plaintiffs, New Orleans Employees’ Retirement System and MARTA/ATU Local 732 Employees Retirement Plan, filed their response to WaMu's objection to their claim on Wednesday in the U.S. Bankruptcy Court for the District of Delaware.

WaMu argued that the large claim should be expunged...
To view the full article, register now.