Shareholders Question Value Of Reorganized WaMu

Law360, Wilmington (July 15, 2011, 7:51 PM EDT) -- Washington Mutual Inc. and its shareholders continued to spar Friday in Delaware over the value of the reinsurance business set to emerge from WaMu’s bankruptcy, but the hearing on its Chapter 11 plan — and insider trading allegations — will extend into this week.

WaMu’s second attempt at confirming its reorganization plan is taking longer than expected, with lawyers for a shareholder committee and bottom-tier creditor groups, along with some shareholders representing themselves, grilling the debtors’ experts about the intricacies of the proposed resolution to the...
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