Washington Mutual Inc., Securities, Derivative & "ERISA" Litigation

  1. September 26, 2011

    CORRECTED Class Seeks Final OK For $209M Deal Over WaMu Stock

    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.

  2. July 01, 2011

    Investors Get $208.5M In WaMu Settlement

    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.

  3. April 07, 2011

    Investors, WMI Reach Settlement In Securities Suit

    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.

  4. January 13, 2009

    WaMu Maintains Hold On Shareholder Actions

    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.

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