Litigation

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$208.5 Million Washington Mutual Securities Lawsuit Settlement Consists Of 3 Separate Agreements
Posted on 7 Jul 2011 by Kevin M. LaCroix

The parties to the consolidated class action litigation arising out of the collapse of Washington Mutual - the largest bank failure in U.S. history -- have agreed to settle the suit for a combined $208.5 million. The settlement, which has a number of... Read More

Wamu Reaches Settlement With Jpmorgan, FDIC
Posted on 17 Mar 2010 by LexisNexis Litigation Resource Community Staff

WILMINGTON, Del. – (AP) Washington Mutual Inc. has tentatively resolved disputes with JPMorgan Chase & Co. and the Federal Deposit Insurance Corp. over some $4 billion at issue in the bank holding company's Chapter 11 bankruptcy, a... Read More

Washington Mutual Settles Class Action Lawsuit For $208.5 Million
Posted on 5 Jul 2011 by LexisNexis Litigation Resource Community Staff

LOS ANGELES - (AP) Washington Mutual Inc. and its fellow defendants have agreed to pay $208.5 million to settle a class-action lawsuit stemming from the lender's collapse in 2008, the biggest U.S. bank failure in history. The defendants and lead plaintiff... Read More

FDIC Sues 3 Former Top Executives Of Failed WaMu
Posted on 18 Mar 2011 by LexisNexis Litigation Resource Community Staff

WASHINGTON, D.C. - (AP) Federal bank regulators have sued three former top executives of Washington Mutual, the biggest U.S. bank ever to fail, accusing them of negligence in allowing risky mortgage lending. The Federal Deposit Insurance Corp. filed the... Read More

WaMu Bank Bondholders Settle For $335 Million
Posted on 7 Oct 2010 by LexisNexis Litigation Resource Community Staff

SEATTLE - (AP) A group of Washington Mutual creditors have signed on to a settlement that pushes the bank's reorganization plan a step closer to approval. Washington Mutual Bank bondholders agreed to a $335 million settlement, according to an amended... Read More

FDIC: 'Close' To Settlement In Lawsuit Against WaMu Execs
Posted on 22 Jun 2011 by LexisNexis Litigation Resource Community Staff

WASHINGTON, D.C. - (AP) Federal bank regulators say they are close to settling their civil lawsuit against three former top executives of Washington Mutual accused of negligence in allowing risky mortgage lending at the biggest U.S. bank ever to fail... Read More