WaMu Can't Recover Taxes On Thrift Buys In $15M Suit

Law360, Los Angeles (February 10, 2014, 8:27 PM EST) -- A Washington federal judge dismissed claims in Washington Mutual Inc.'s $15 million suit seeking to recover excess taxes it paid after buying up faltering savings and loan associations, ruling Monday that the bank hadn't established a cost basis for the alleged overpayments.

Granting judgment in favor of the federal government, U.S. District Judge Barbara J. Rothstein said WaMu failed to establish its entitlement to a tax refund because it hadn't proven what cost basis a predecessor had to rights over maintaining branches in other states and...
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Case Information

Case Title

Washington Mutual Inc v. United States of America

Case Number



Washington Western

Nature of Suit



Barbara J. Rothstein

Date Filed

October 27, 2006

Law Firms


Government Agencies

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