We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

WaMu Asks To Examine JPMorgan For Fraud

Law360 (May 4, 2009, 12:00 AM EDT) -- Washington Mutual Inc. has asked a bankruptcy judge for permission to investigate whether JPMorgan Chase & Co. deliberately depressed the value of Washington Mutual's banking assets before they were seized by the Federal Deposit Insurance Corp. and sold to JPMorgan in September.

In a motion filed Friday in the U.S. Bankruptcy Court for the District of Delaware, Washington Mutual asked to conduct an investigation under Rule 2004 of the Bankruptcy Code into allegations in a lawsuit recently filed by Washington Mutual investors against JPMorgan alleging that...
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.