WaMu Hearing On Plan, Examiner Delayed Again

Law360, New York (July 8, 2010, 5:46 PM EDT) -- A federal judge on Thursday postponed for the second time a hearing on Washington Mutual Inc.'s disclosure statement and its shareholders' motion to appoint an examiner to review a crucial litigation settlement.

The debtors' plan and disclosure statement as well as a bid by shareholders for an examiner to review a settlement among the bank, JPMorgan Chase & Co. and the Federal Deposit Insurance Corp. were supposed to be considered at a hearing in the U.S. Bankruptcy Court for the District of Delaware on Thursday, but...
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