Washington Mutual demanda a la FDIC por 17 billones US$ + daños

De los errores se aprende...muy buena respuesta...

Habeis visto la moción que ha presentado Susman?

http://www.kccllc.net/documents/0812229/0812229101130000000000017.pdf

Creo que da en puntos clave sobre el informe del examiner. Si la juez tienen un poco de honestidad, entiendo que será dificil no aprovar la moción de nuestro abogado.

Este hombre, realmente suelta siempre el fuego al final.

Veremos que pasa. Suerte por todos los que estamos dentro. Los que han salido, ya se les acabó la esperanza.

Suerte y que la jueza no se pase las objecciones por el forro como ha hecho otras veces.

PArece que ahora empezamos a ver al Susman que habíamos estando soñando.

http://www.kccllc.net/documents/0812229/0812229101130000000000013.pdf

http://www.kccllc.net/documents/0812229/0812229101130000000000020.pdf

Bueno al menos los argumentos que el EC no hace nada ya no los vais a poder usar, estaba claro que lo iban a dejar para el ultimo minuto para no dar a Rosen tiempo para preparar su respuesta.

Hoy todos los ojos apuntan a la Juez Walrath. Si no aprueba las mociones preveo que van a volar las apelaciones.

http://www.kccllc.net/documents/0812229/0812229101130000000000021.pdf

A 24h para el Hearing se le acumulan los enanos a Rosen.

WaMu Shareholder Tactic May Block Public From Hearing
« on: Today at 04:57:34 PM » Quote

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http://www.businessweek.com/news/2010-11-30/wamu-shareholder-tactic-may-block-public-from-hearing.html

WaMu Shareholder Tactic May Block Public From Hearing

(Updates with examiner’s report in seventh paragraph.)

Nov. 30 (Bloomberg) -- Shareholders of Washington Mutual Inc., the former parent of the biggest U.S. bank to fail, may force the public out of a courtroom this week when the company seeks approval to pay creditors $7 billion.

The official committee of shareholders filed a motion today seeking permission to use confidential material when it makes its case that the liquidation plan is unfair and should be rejected by U.S. Bankruptcy Judge Mary F. Walrath.

“We are trying to comply with our obligations under the confidentiality order,” Justin A. Nelson, a lawyer for the shareholders, said in a phone interview.

A hearing on Seattle-based WaMu’s liquidation plan is scheduled to begin Dec. 2 in Wilmington, Delaware. The plan includes a settlement of lawsuits against JPMorgan Chase & Co. and federal regulators involved in shutdown and sale of Washington Mutual Bank. JPMorgan bought the bank for $1.9 billion, a price shareholders claim was too low.

The shareholders argue that pursing the lawsuits could bring enough money to pay all of WaMu’s debt and still leave money for them.

The confidential materials are internal WaMu documents that show the company decided to settle without thoroughly investigating the possibility that lawsuits could raise more money to repay creditors, shareholders said in the filing. The courtroom may need to be closed when the documents are mentioned during the hearing, shareholders said.

Examiner’s Report

Separately, shareholders asked Walrath to prevent WaMu from using any portion of a report by court-appointed examiner Joshua R. Hochberg that concluded the settlement is reasonable.

Hochberg’s report is inadmissible under court rules because it relies on testimony that wasn’t taken under oath, shareholders argue in a filing today.

WaMu filed for bankruptcy on Sept. 26, 2008, the day after its banking unit was taken over by regulators and sold to JPMorgan. Before it failed, Washington Mutual Bank had more than 2,200 branches and $188 billion in deposits.

The case is In re Washington Mutual Inc., 08-12229, U.S. Bankruptcy Court, District of Delaware (Wilmington).

--Editors: Michael Hytha, Fred Strasser.

To contact the reporter on this story: Steven Church in Wilmington, Delaware, at [email protected].

To contact the editor responsible for this story: David E. Rovella at [email protected]

http://www.annuitynewsjournal.com/washington-mutual-shareholders-allege-fraud/

Washington Mutual Shareholders Allege Fraud
By Daniel Trindle on November 30, 2010 at 9:01 am

Many of the shareholders with stock in Washington Mutual lost everything when the FDIC closed down the bank and quickly sold it to JP Morgan Chase & Co for a small fraction of the bank’s worth. Delaware bankruptcy court is preparing a settlement that pay off WaMu creditors, though since shareholders are last on the list they will only receive a small fraction of their original investment.

In an effort to recoup losses, many Washington Mutual shareholders are claiming that problems with the bank’s sale and subsequent bankruptcy proceedings amount to fraud. These shareholders claim that the bank was shut down and sold by the FDIC so quickly that no transparency took place, leaving them with confusion about why the bank was shut down and how the price ended up so low.

During bankruptcy proceedings, WaMu shareholders have been especially troubled by the lack of an asset list to adequately gauge the bank’s worth and problems getting questions about the bankruptcy proceedings answered in time to be useful. The bank’s shareholders claim they have no list of assets originally purchased by JP Morgan since the list was never provided in bankruptcy court. Since the bank’s worth is supposed to be determined by assets, it is difficult for shareholders to get an adequate idea of how they should be compensated when compared to how the court is attempting to pay them.

Washington Mutual shareholders also claim that the same law firm representing JP Morgan is representing the debtors trying to collect money from the failed bank. According to WaMu shareholders, this represents a conflict of interest because JP Morgan bought the original WaMu assets when the bank was shut down. WaMu shareholders allege fraud is robbing them of adequate compensation due to the missing asset lists and the conflict of interest created when one law firm represents both the bank that owns the assets and the debtors trying to collect.

¿POR QUE me han nombrado usuario del dia?
Saludos