Bankruptcy Court Can't Hear Suit Against WaMu: JPMC

Law360, New York (October 6, 2009, 3:17 PM EDT) -- JPMorgan Chase Bank NA is asking a district court to revoke a bankruptcy court's jurisdiction over an adversary case it filed against Washington Mutual Inc. regarding claims to billions of dollars in assets, which the bankruptcy court refused to give up last week.

In a reply memorandum filed Monday in the U.S. District Court for the District of Delaware, JPMorgan said that the Financial Institutions Reform, Recovery and Enforcement Act of 1989 meant that only the U.S. Court of Appeals for the Third Circuit, and not...
To view the full article, register now.