WaMu Reorganization Plan Comes Under Fire

Law360, New York (October 14, 2010, 6:33 PM EDT) -- Washington Mutual Inc.'s most recent bankruptcy reorganization plan has come under fire, with several groups raising objections to the insolvent bank's disclosure statement, including the California Department of Toxic Substances Control and various securities and Employee Retirement Income Security Act claimants.

A slew of objections was filed by the groups Wednesday in the U.S. Bankruptcy Court for the District of Delaware, seeking clarification, alteration or delay of WaMu's sixth amended joint plan in order to protect their claims to a share of the bank's assets....
To view the full article, register now.