WaMu Ch. 11 Plan Lets Nondebtors Off Easy: Ore. Agency

Law360, New York (February 3, 2012, 2:08 PM EST) -- The Oregon Department of Revenue on Thursday filed an objection in Delaware bankruptcy court to the confirmation of a Washington Mutual Inc. Chapter 11 plan, arguing that the plan improperly releases nondebtors.

The DOR, which is in a tax dispute with the debtor and JPMorgan Chase & Co. over its $27.3 million priority claim and $2.1 million unsecured nonpriority claim against WaMu, says the plan's release provisions unfairly let nondebtor WaMu affiliates off the hook and that it improperly allows the debtors to avoid paying interest...
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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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