WaMu Faces New Round Of Disclosure Objections

Law360, New York (June 1, 2010, 2:54 PM EDT) -- A slew of objections has poured in against Washington Mutual Inc.'s latest disclosure statement, many taking issue with a global settlement the bank reached with new owner JPMorgan Chase & Co. and the Federal Deposit Insurance Corp.

One objection, filed Friday in the U.S. Bankruptcy Court for the District of Delaware by a group of bondholders, said WaMu's disclosure statement for its second amended reorganization plan continued to suffer from many of the same deficiencies as the disclosure statement for its original plan.

“The third time...
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