WaMu Equity Committee Will Remain As Is: Judge
Judge Mary F. Walrath signed an order Wednesday in the U.S. Bankruptcy Court for the District of Delaware denying a motion by investment firm Black Horse Capital Management LLC to reconstitute the committee to include only holders of preferred stock.
Black Horse had argued that such stockholders were the lowest-priority security expected to receive any recovery in WaMu’s capital structure.
Black Horse was one of...
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