WaMu Agrees To Discuss Discovery With Shareholders

Law360, New York (June 3, 2010, 5:37 PM EDT) -- Washington Mutual Inc. agreed at a hearing Thursday to discuss discovery procedures with equity holders and others objecting to its disclosure statement, slowing down the bank's emergence from bankruptcy.

Brian Rosen, a partner at Weil Gotshal & Manges LLP representing WaMu, said in a brief telephone interview that the bank withdrew its motion for discovery procedures at a hearing before Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware.

Judge Walrath postponed a hearing on the disclosure statement to June 17....
To view the full article, register now.