WaMu Noteholders Can’t Weigh In On $10B Deutsche Bank Suit

Law360, New York (May 18, 2012, 6:26 PM EDT) -- A federal judge on Friday kept a group of Washington Mutual Bank NA noteholders from intervening in a Deutsche Bank AG unit’s $10 billion suit over shoddy mortgages WaMu issued before being seized by regulators and bought by JPMorgan Chase & Co.

U.S. District Court Judge Rosemary M. Collyer denied the motion of some 30 noteholders and investment advisers who sought to enter the case in Washington federal court because they claimed that any judgment in Deutsche Bank’s favor against the FDIC could exhaust the funds...
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