Del. judge gives WaMu examiner more time to review claims, assets in bankruptcy
By Randall Chase, APTuesday, September 7, 2010
Judge gives WaMu examiner more time
WILMINGTON, Del. — A Delaware judge has granted a court-appointed examiner more time to review claims and assets in Washington Mutual Inc.’s bankruptcy.
The examiner’s request for more time prompted WMI to postpone Tuesday’s scheduled hearing on whether to approve the disclosure statement describing the bank holding company’s proposed reorganization plan.
The disclosure statement hearing is now tentatively set for Sept. 24. The deadline for the examiner to submit his final report was moved from Oct. 8 to Nov. 1.
The judge appointed the examiner after WMI shareholders said they had been stonewalled in trying to obtain information about a proposed settlement of lawsuits among Washington Mutual, JPMorgan Chase and the Federal Deposit Insurance Corp. that is the basis for WMI’s reorganization plan.
