September 26, 2011
A class of investors moved on Sunday for final approval of a $209 million settlement against Washington Mutual Inc. over allegations the bank boosted its stock price by hiding its exposure to bad mortgages and inflating prices for WaMu-mortgaged homes.
July 01, 2011
The officers, directors, underwriters and auditor of Washington Mutual Inc. on Thursday reached a $208.5 million settlement in Washington state in a wide-ranging multidistrict litigation alleging that the failed bank abandoned risk management policies during the housing bubble.
April 07, 2011
A federal judge in Washington state on Wednesday paused the lead securities class action brought by investors against defunct Washington Mutual Inc. after learning the parties had reached a tentative settlement.
January 13, 2009
The bankruptcy judge overseeing Washington Mutual Inc.’s Chapter 11 has refused to force the debtors-in-possession to abandon derivative actions now part of its estate and allow shareholders to pursue claims against the failed bank’s top brass.