WaMu Plan Managers Seek Appeal In ERISA Action

Law360, New York (October 20, 2009, 1:10 PM EDT) -- Members of the committees that oversaw Washington Mutual Inc.'s employee savings plan are challenging a judge's order denying their bid to toss a class action claim that they mismanaged the plan's assets by investing in the failed financial giant's own stock.

The plan administrators moved Judge Marsha Pechman of the U.S. District Court for the Western District of Washington on Monday to certify an interlocutory appeal to the U.S. Court of Appeals for the Ninth Circuit, saying the claim was the linchpin of the Employee Retirement...
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