WaMu Creditors Blast Investors' Bid To Tap Legal Whiz

Law360, New York (August 18, 2011, 5:29 PM EDT) -- Hedge funds and other unsecured creditors of Washington Mutual Inc. objected Thursday to the hiring of a legal expert to represent restive shareholders of the bankrupt financial giant, amid a larger fight over whether shareholders will be able to sue them.

The objection, lodged in Delaware bankruptcy court by the unsecured creditors committee, claims shareholders' bid to hire University of San Diego securities law expert Frank Partnoy as a litigation consultant is a ploy to prematurely win approval to target hedge funds including Aurelius Capital Management...
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