As Court Clears WaMu's Motions, $5B Question Looms

Law360, New York (October 3, 2008, 12:00 AM EDT) -- As Washington Mutual Inc.'s historic bankruptcy got underway, a federal judge approved a couple of first day motions at a hearing Friday, but the debtors' concerns over the $5 billion it deposited persist.

Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware signed off on the joint administration of the Washington Mutual and WMI Investment Corp. bankruptcies and extended the filing deadline for the list of creditors to Oct. 8th.

The hearing was reportedly dominated by Washington Mutual’s concerns over $5...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.