WaMu Court Fast-Tracks Hearing On Examiner

Law360, New York (June 9, 2010, 7:26 PM EDT) -- A Delaware bankruptcy court has agreed to a request by Washington Mutual Inc. shareholders to hold an expedited hearing to consider appointing an examiner to review a proposed settlement of litigation among the bank, JPMorgan Chase & Co. and the Federal Deposit Insurance Corp. that is a key part of Washington Mutual’s exit plan.

Despite an objection by Washington Mutual, Judge Mary Walrath of the U.S. Bankruptcy Court for the District of Delaware on Wednesday granted the official committee of equity security holders’ bid to review...
To view the full article, register now.