WaMu Hit With Suit In People's Choice Bankruptcy
People's Choice filed an adversary suit Wednesday in the U.S. Bankruptcy Court for the Central District of California, which has jurisdiction over its Chapter 11 proceedings.
The bankrupt lender sought recovery for several allegedly avoidable transfers and charged WaMu, the federal lender, with breach of contract and conversion.
The dispute centers around...
To view the full article, register now.