Why is it that CNBC only posts negative news about WAMU on their site? What is their motive? The latest is they only talk about the Subpeona rejection and nothing about the EC getting approved. There is a pattern of this happening over and over.
Just wondering if anyone else has noticed the same thing.
Bbanbob, but where could you get an admission ticket for as low as $.0025 for a great show to last this long. The show only needs a known murder (s) and known sex to make this complete and all for this very low price that can give you a multi thousand percent gain...only in America!!!
Washington Mutual and JPMorgan now are battling over billions of dollars in disputed deposit assets, with both of them claiming ownership. A separate lawsuit filed by Washington Mutual against the F.D.I.C. is on hold in federal court in Washington, D.C.
Last year, a Delaware bankruptcy judge, Mary Walrath, allowed Washington Mutual to examine records of JPMorgan, but she ruled Thursday that the company had not met its burden of showing that subpoenas for third-party records and witnesses were warranted.
”Quite frankly, I think issuing subpoenas against dozens of third parties just goes too far,” Judge Walrath said.
The judge also suggested that Washington Mutual was trying ”an end run” around discovery rules to get documents from the F.D.I.C. that might bolster its claims in the Washington, D.C. lawsuit. That lawsuit argues among other things that if WaMu’s assets had been liquidated properly by the F.D.I.C. in receivership, they would have been worth more than $1.9 billion.
In another ruling Thursday, Judge Walrath denied Washington Mutual’s request to disband a committee of equity security holders that was appointed by the United States trustee in the case.