May 26, 2010
WaMu’s Chapter 11 Case: Here Come the Shareholders
Rarely does anyone accuse the litigators at Quinn Emanuel of not being aggressive enough, but that’s essentially what attorneys representing Washington Mutual shareholders are saying in asking the judge hearing WaMu’s bankruptcy case for permission to investigate JPMorgan Chase’s acquisition of the bank. The investigation centers on allegations that JPMorgan torpedoed WaMu’s chances of finding another buyer in late 2008 by leaking confidential information and false rumors about WaMu’s finances, court records show.