WaMu Equity Holders Appeal $10B Global Settlement

Law360 (January 19, 2011, 2:49 PM EST) -- A group of Washington Mutual Inc. shareholders has asked for a fast-track appeal of a bankruptcy court order greenlighting a $10 billion global settlement over the bank's restructuring with JPMorgan Chase & Co. and the Federal Deposit Insurance Corp.

The official committee of equity security holders filed its notice of appeal in the U.S. Bankruptcy Court for the District of Delaware on Wednesday, along with a petition for a certification of direct appeal to the U.S. Court of Appeals for the Third Circuit, in the hopes...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.