WaMu Asks To Examine JPMorgan For Fraud

Law360, New York (May 4, 2009, 12:00 AM EDT) -- Washington Mutual Inc. has asked a bankruptcy judge for permission to investigate whether JPMorgan Chase & Co. deliberately depressed the value of Washington Mutual's banking assets before they were seized by the Federal Deposit Insurance Corp. and sold to JPMorgan in September.

In a motion filed Friday in the U.S. Bankruptcy Court for the District of Delaware, Washington Mutual asked to conduct an investigation under Rule 2004 of the Bankruptcy Code into allegations in a lawsuit recently filed by Washington Mutual investors against JPMorgan alleging that...
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