JPMorgan Gets OK To Intervene In WaMu's FDIC Suit

Law360, New York (October 7, 2009, 6:21 PM EDT) -- The court overseeing Washington Mutual Inc.'s suit against the Federal Deposit Insurance Corp. over the $1.9 billion sale of WMI's banking operations to JPMorgan Chase & Co. has allowed JPMorgan to intervene as a defendant in the case, rejecting the argument that the automatic stay from WMI's bankruptcy case barred JPMorgan from getting involved in the suit.

On Monday, Judge Rosemary M. Collyer of the U.S. District Court for the District of Columbia signed off on an order granting the motion to intervene JPMorgan Chase Bank...
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