FDIC Endorses Washington Mutual's Ch. 11 Plan
“The FDIC-receiver strongly supports confirmation of the plan,” the motion said. “The plan represents the best opportunity for creditors to receive maximum distributions in these cases, and any further delay in its confirmation will only reduce any creditor recoveries.”
That support comes weeks after a series of hearings during which shareholders and creditors argued against the reorganization plan,...
To view the full article, register now.