We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Ex-WaMu Workers Sue For Post-Bank Sale Pay

Law360 (May 20, 2009, 12:00 AM EDT) -- A number of former Washington Mutual Inc. employees have filed a proposed class action against the Federal Deposit Insurance Corp. alleging it breached their contracts when refusing to pay them bonuses and other compensation after selling WaMu's beleaguered banking operations to JPMorgan Chase & Co. in September.

In a second amended complaint filed Tuesday in the U.S. District Court for the Western District of Washington, a group of WaMu employees say their contracts were breached in the asset sales last year. The FDIC seized WaMu's banking...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.