WaMu Investors Wrap Up Arguments Against Ch. 11 Plan

Law360, Wilmington (July 21, 2011, 8:48 PM EDT) -- With the evidentiary record now closed in WaMu’s plan confirmation hearing, the parties will file written submissions by Aug. 3 to guide U.S. Bankruptcy Judge Mary F. Walrath’s decision, with closing arguments to come later in that month.

WaMu Chief Restructuring Officer William Kosturos of Alvarez & Marsal took the stand at the hearing and deflected questions from a shareholder committee aimed at showing the debtors fed material nonpublic information to Aurelius Capital Management LP, Owl Creek Asset Management LP, Appaloosa Management LP and Centerbridge Partners...
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