WaMu Can't Recover Taxes On Thrift Buys In $15M Suit

Law360, Los Angeles (February 10, 2014, 8:27 PM ET) -- A Washington federal judge dismissed claims in Washington Mutual Inc.'s $15 million suit seeking to recover excess taxes it paid after buying up faltering savings and loan associations, ruling Monday that the bank hadn't established a cost basis for the alleged overpayments.

Granting judgment in favor of the federal government, U.S. District Judge Barbara J. Rothstein said WaMu failed to establish its entitlement to a tax refund because it hadn't proven what cost basis a predecessor had to rights over maintaining branches in other states and...
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Case Title

Washington Mutual Inc v. United States of America


Case Number

2:06-cv-01550

Court

Washington Western

Nature of Suit

Taxes

Judge

Barbara J. Rothstein

Date Filed

October 27, 2006

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