FDIC Appeals Ruling In Bid To Dismiss WaMu Suits

Law360, New York (September 21, 2009, 5:53 PM EDT) -- The Federal Deposit Insurance Corp. has filed an appeal brief over a bankruptcy court's denial of motions to stay or dismiss two adversary cases in Washington Mutual Inc.'s Chapter 11 proceedings, seeking a determination on whether the bankruptcy court overstepped its bounds.

As the receiver in WaMu's Chapter 11, the FDIC on Friday filed its brief in the U.S. District Court for the District of Delaware, arguing that the bankruptcy court should not have denied two motions to stay or dismiss the adversary proceedings.

In June,...
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