WaMu Investors Can't Form Committee For $337M Claims

Law360, Wilmington (August 12, 2011, 5:29 PM EDT) -- Investors in Washington Mutual Inc. securities known as litigation tracking warrants lost their bid Friday to form an official committee to represent them in a quest to recover up to $337 million from the holding company in its Delaware bankruptcy case.

U.S. Bankruptcy Judge Mary F. Walrath found that the LTW holders' interests were well-covered by their own class counsel and committees already formed in the case and that the request — coming at the end of WaMu’s plan confirmation battle and a month away from...
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