FDIC, Ex-WaMu Officers' Deal Talks Break Down: Attys

Law360, New York (July 6, 2011, 2:46 PM EDT) -- Weeks after three ex-Washington Mutual Bank NA officers sought more negotiation time in the Federal Deposit Insurance Corp.'s suit in Washington state alleging they bankrupted the bank for their own benefit, settlement talks in the case have broken down, their attorneys said Wednesday.

Former WaMu CEO Kerry K. Killinger and his wife, Linda; former Chief Operating Officer Stephen J. Rotella and his wife, Esther; and former home loans President David C. Schneider filed motions to dismiss the suit Friday from federal court in Washington state after...
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