ADVERTISEMENT



Google       

Home -> Law Blog Directory -> Legal News Blogs -> Breaking Legal News

OR PHONE (866) 635-1838 for Bankruptcy Help, (866) 635-6190 for Divorce,
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense

Find a Local Lawyer

Bankruptcy (866) 635-1838
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402

Bookmark

Legal News

: Breaking Legal News

WaMu shareholders get their voice in bankruptcy

By (Breaking Legal News)

ADVERTISEMENTS

Shareholders of Washington Mutual Inc will have a voice in the company's bankruptcy after a judge refused on Thursday to disband their committee, which Washington Mutual said would complicate the case.

The U.S. Trustee, who plays an oversight role in bankruptcy, appointed the committee earlier this month after being petitioned by 3,500 shareholders. The company immediately asked the court to disband it.

The committee will be able to speak with a unified voice and hire professionals, who would be paid by the company.

Washington Mutual has said since it filed for bankruptcy in 2008 that it is hopelessly insolvent, and therefore there is no need for an official committees of shareholders.

Full post as published by Breaking Legal News on January 29, 2010 (boomark / email).

Bloggers, promote your law blog by nominating your blog for inclusion in USLaw.com's Law Blog Directory and RSS Reader. Benefits described.
Related Law Articles

How to Stop Home Foreclosure
Bankruptcy can Stop Foreclosure

Bankruptcy Law
A complete prime (pre-2005)

Lawsuits and Settlements

Air Line Bankruptcy
BCI Aircraft Leasing agrees to pay $600,000 settlement related to Delta Air Lines bankruptcy claims.

Bankruptcy Reorganization
Calpine Corp. pays $2.13 million bankruptcy settlement.

Automated Calls
Voice Mail Broadcasting Corp. pays $180,000 FTC settlement for telemarketing violations.

Grubb & Ellis
alleging violations of fiduciary duties to shareholders and securities laws.

WaMu Mutual Stock Class Action Settlement Proposed
WaMu Mutual Stock Class Action Settlement Proposed

WaMu Cash Balance Pension Plan - Partial Preliminary Settlement
WaMu Cash Balance Pension Plan Partial Preliminary Settlement

Related Searches

























































































































US Law
#1 Online Legal Resource













Your Blog Subscriptions
Subscribe to blogs

10,000+ Law Job Listings
Lawyer . Police . Paralegal . Etc
Earn a law-related degree
Are you the author of this blog? Adding USLaw.com to your Blogroll increases relevance. You qualify to display a USLaw Network badge.
Suggest changes to this blog's description or nominate another for inclusion. Register for updates.


Practice Area
Zip Code:

Contact a Lawyer Now!






0.0133 secs (new cache)