WaMu's Bid For Wider Probe Into JPMorgan Sale Nixed

Law360, New York (January 29, 2010, 4:26 PM EST) -- A judge overseeing Washington Mutual Inc.'s bankruptcy has opted to keep in place an equity committee WaMu opposed and has denied its request to subpoena a host of regulators, banks and rating agencies with information on its "fire sale" to JPMorgan Chase Bank NA.

In a hearing Thursday, Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware denied two WaMu motions: one to disband a committee of equity security holders, and another seeking a probe of witnesses with possible knowledge of...
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