WaMu Pushes For Quick Approval Of Latest Ch. 11 Plan

Law360, New York (October 4, 2011, 9:54 PM EDT) -- Washington Mutual Inc. on Monday sought a speedy confirmation of its modified Chapter 11 plan, saying it could end its bankruptcy by Oct. 31 and that it was unnecessary to delay confirmation while it went to mediation over shareholders' insider trading claims.

In a statement filed in Delaware bankruptcy court, WaMu said it had modified its Chapter 11 plan according to the court’s directives in September and that the modifications would not harm creditors.

In her Sept. 13 opinion, U.S. Bankruptcy Judge Mary F. Walrath rejected...
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.