MBS Investor Class Seeks $273M Claim In WaMu Ch. 11

Law360, Wilmington (January 20, 2012, 9:01 PM EST) -- Plaintiffs in a class action against Washington Mutual Inc. over alleged deception in the sale of mortgage-backed securities asked a Delaware bankruptcy judge Friday to recognize the class so it can pursue a claim of at least $273 million in the defunct bank’s Chapter 11 case.

In several suits consolidated in Washington federal court, the plaintiffs — a group that includes a benefit fund for Chicago police officers and a trust held by the national boilermaker's union — accused Washington Mutual Bank NA and other WMI...
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