WaMu Ch. 11 Plan Confirmed After Deal With Dissenters

Law360, New York (February 17, 2012, 2:53 PM EST) -- A Delaware bankruptcy judge gave final approval Friday to Washington Mutual Inc.'s Chapter 11 plan, capping off the bank holding company's 3 1/2-year bankruptcy stint a day after it cut a crucial deal with dissenting investors that gave it the required votes.

U.S. Bankruptcy Judge Mary F. Walrath issued the ruling from the bench Friday and is expected to enter a final order in the case Tuesday.

“We think it's a fantastic result,” Brian S. Rosen of Weil Gotshal & Manges LLP, who represents WaMu, told...
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