Jul 7, 2010
Brown Rudnick Takes Its Shot at the WaMu Bankruptcy
As the two-year anniversary of Washington Mutual’s bankruptcy filing approaches, Brown Rudnick has tossed up a new roadblock to WaMu’s plans to emerge from Chapter 11. The firm, representing a bundle of securities holders, filed a complaint Wednesday accusing WaMu, buyer JPMorgan Chase and the federal government of colluding to deceive and then deprive a group of securities holders who purchased about $4 billion in WaMu securities years before the bank’s demise.