Ex-WaMu Exec Seeks $1.3M From Liquidating Trust

Law360, Wilmington (January 28, 2013, 7:54 PM EST) -- Washington Mutual Inc.’s former chief marketing officer on Monday asked a Delaware bankruptcy judge to allow $1.3 million in claims based on her employment contract against the remnants of the bank holding company.

The former executive, Genevieve Smith, is fighting the WMI liquidating trust’s objection to her claims, which stem from change-in-control and bonus agreements in her employment contract, according to a response filed with the court.

The trust — which is tasked with distributing some $7 billion to WMI’s creditors under a court-approved bankruptcy plan...
To view the full article, register now.