FDIC, Federal Reserve Balk At WaMu Examination Bid

Law360, New York (June 2, 2010, 6:58 PM EDT) -- The U.S. Department of the Treasury, Standard & Poor's Financial Services LLC, the Board of Governors of the Federal Reserve System and others have objected to a bid by Washington Mutual Inc. equity security holders to conduct a bankruptcy examination of them.

The objections, filed Wednesday in the U.S. Bankruptcy Court for the District of Delaware, are in response to a bid lodged Friday by the official committee of equity security holders to investigate the Federal Deposit Insurance Corp. and nine third parties including Goldman Sachs...
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