WaMu Creditors Fight Attacks On JPMorgan Settlement

Law360, New York (July 12, 2011, 1:53 PM EDT) -- A group of Washington Mutual Inc. creditors fired back Monday at mounting attempts to derail the company's multibillion-dollar settlement with financial regulators and JPMorgan Chase & Co., which was cleared by a Delaware bankruptcy court in January.

With some former supporters of the settlement switching sides to oppose the deal and WaMu investors digging in, the defunct bank's official unsecured creditors committee sought to silence the growing opposition, arguing that the bankruptcy court had already closed the debate when it endorsed the settlement.

"The modified plan...
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