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Investors Jockey For Lead Status In WaMu Suit

Law360 (January 7, 2008, 12:00 AM EST) -- Washington Mutual Inc. shareholders and their lawyers are vying for lead status in three separate but similar federal suits that accuse the Seattle-based bank of pressuring its appraiser to boost home values.

A handful of the plaintiffs Friday filed bids for lead status in three class actions in the U.S. District Court for the Southern District of New York.

Burton Rosenfield filed the first motion in a suit before Judge Colleen McMahon, saying the $44,000 in losses he had suffered thanks to WaMu's alleged fraudulent inflation...
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