WaMu Creditors Balk At Proposed LTW Holders Committee

Law360, New York (July 29, 2011, 6:45 PM EDT) -- Unsecured creditors of Washington Mutual Inc. argued Thursday in Delaware bankruptcy court that a group of investors with interests in pending WaMu litigation shouldn't be granted official committee status in order for the bank to fund their adversary proceeding against its estates.

The official committee of unsecured creditors objected to a motion from seven investors that the bankruptcy court appoint an official committee to represent the holders of shares in a Dime Bancorp Inc. lawsuit WaMu acquired when it purchased the company.

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Case Information

Case Title

Washington Mutual, Inc.


Case Number

1:08-bk-12229

Court

Delaware

Nature of Suit

Date Filed

September 26, 2008

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UK Financial Services

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