WMI Investors Renew Fight For Insider Trading Docs

Law360, New York (June 21, 2011, 6:50 PM EDT) -- A group of Washington Mutual Inc. investors asked a Delaware bankruptcy court Monday to force four hedge funds to cough up documents related to allegations that the funds traded on nonpublic information they gleaned during bankruptcy negotiations.

The investors, known as trust preferred holders in the bankruptcy, sought to force documents out of the funds — Owl Creek Asset Management LP, Appaloosa Management LP, Centerbridge Partners LP and Aurelius Capital Management LP — as part of an on-and-off investigation into insider trading allegations.

The four funds...
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