Washington Mutual, Inc.

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Case overview

Case Number:

1:08-bk-12229

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

February 01, 2019
Ex-WaMu Execs Lose Del. Ch. 11 Fight For Pay Incentives

Citing a federal agency prohibition, a Delaware bankruptcy judge on Friday rejected long-dangling golden parachute, incentive pay and related claims filed by former executives of long-shuttered Washington Mutual Inc., freeing what had been a $66 million estate settlement reserve.
September 06, 2018
Del. Court Approves $4.3M WaMu-Grant Thornton Settlement

A Delaware bankruptcy court on Wednesday approved a $4.3 million settlement between Grant Thornton and the trust liquidating one of the largest banks to fail in the U.S., ending a dispute over payment for services to secure a California tax refund.
May 16, 2018
WaMu Must Pay $522K Sanctions Over $5M Contingency Fee

The liquidating trust cleaning up Washington Mutual's estate after its financial crisis-era collapse will pay nearly $522,000 in fees to tax adviser Grant Thornton LLP as sanctions after a Delaware bankruptcy judge found Tuesday that WaMu wrongly withheld a $5 million contingency award.
February 02, 2018
WaMu Ordered To Pay $5M Tax Counsel Fee For Ch. 11 Work

The liquidating trust created by the Chapter 11 plan of Washington Mutual Inc. must pay $5 million in contingent fees to its tax counsel after a Delaware bankruptcy judge granted a sanctions request from the counsel Friday.
September 21, 2017
WaMu Trust Says No Sanctions For Unpaid Contingency Fee

The liquidating trustee of long-bankrupt Washington Mutual Inc. has hit back against Grant Thornton LLP's bid for sanctions over an unpaid $5 million contingency fee, telling a Delaware bankruptcy judge the fee was only approved because the firm lied to the court at an earlier hearing.
December 12, 2016
Ex-WaMu Workers Seek Sanctions Over Ch. 11 Pay Wait

Former Washington Mutual Inc. employees pressed for sanctions against the defunct financial company's liquidating trustee, saying Friday it has repeatedly failed to comply with an order to seek clarification on rules for millions of dollars in potential employment contract claims.
February 03, 2015
WaMu Trust Defeats Challenge To Ch. 11 Warrant Deal

A Delaware federal judge on Monday tossed a individual challenge to Washington Mutual Inc.'s settlement with a class of investors in the defunct bank's litigation tracking warrants, finding the appeal failed to properly address the deal.
January 06, 2015
Former WaMu Execs Contest $37M Bankruptcy Deal

Former Washington Mutual Inc. brass on Monday appealed a recently approved $37 million settlement in a suit alleging the holding company's officers and directors had recklessly approved a $500 million transfer to Washington Mutual Bank shortly before it collapsed.
December 23, 2014
WaMu Trust Cuts $37M Deal With Execs Over Bank's Collapse

A Delaware bankruptcy judge on Tuesday signed off on a $37 million settlement of a suit brought by Washington Mutual Inc.'s liquidating trust that accused the holding company's former officers and directors of recklessness for approving a $500 million transfer to Washington Mutual Bank shortly before it collapsed.
October 15, 2014
WaMu Trust Says Ex-Execs' 'Reckless' Transfer Wasted $500M

Washington Mutual Inc.'s liquidating trust asked a Delaware bankruptcy court on Wednesday to strike claims by execs it says mishandled Washington Mutual Bank's finances — contentions bolstered in a suit the trust filed Tuesday in Washington court slamming a "reckless" $500 million transfer to WMB.

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