WaMu Investors Denied Access To Insider Trading Docs

Law360, Wilmington (June 29, 2011, 4:42 PM EDT) -- A Delaware bankruptcy judge on Wednesday denied Washington Mutual Inc. shareholders access to more information in their insider trading probe of four hedge funds related to a settlement at the center of the financial giant's reorganization plan.

Last week, the official committee of equity security holders took depositions from principals at the four hedge funds — Owl Creek Asset Management LP, Appaloosa Management LP, Centerbridge Partners LP and Aurelius Capital Management LP — and argued that those depositions highlighted a need to compel more documents. ...
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