Washington Mutual demanda a la FDIC por 17 billones US$ + daños

Os adjunto copia de la demanda presentada ayer 20 Marzo en USA y nota de prensa para que compreis todas las WAMUQ y WAMPQ que podais.
Es la oportunidad del siglo !!!!

http://www.sidedraught.com/stocks/WashingtonMutual/WMI%20v%20FDIC%20Complaint.pdf

WAMUQ files $17 Billion + Damages lawsuit against FDIC

By Peg Brickley
Of DOW JONES NEWSWIRES

WILMINGTON, Del. (Dow Jones)--Washington Mutual Inc. (WAMUQ) Friday sued the
Federal Deposit Insurance Corp. over the takeover of Washington Mutual Bank,
seeking billions in damages for the loss of its prized thrift.

A complaint filed in the U.S. District Court in Washington, D.C., says WaMu's former parent is entitled to recoup up to $6.5 billion in capital contributions it made to the thrift from December 2007 through the September 2008 seizure.

(This article also appears in Daily Bankruptcy Review, a publication from Dow Jones & Co.)

Washington Mutual filed for bankruptcy protection the day after losing control of WaMu to regulators, who said it was on the point of failing. If that was the case, Washington Mutual said, it is entitled to get the money back
under Bankruptcy Code fraudulent transfer provisions.

Parent Washington Mutual is also chasing $4 billion worth of trust preferred securities that were transferred to WaMu as part of the takeover.

The complaint faulted federal regulators for getting only $1.9 billion from JPMorgan Chase & Co. (JPM), which bought the thrift, and said the FDIC sold property it had no right to sell.

Additionally, Washington Mutual says it's entitled to up to $3 billion in tax
refunds it expects to receive due to the 2008 losses triggered by the WaMu seizure.

Other damages sought include $177 million in unpaid loans the parent company made to its subsidiary, WaMu, before the thrift's mortgage-lending practices pushed it into insolvency, court documents say.

In Chapter 11, Washington Mutual is trying to round up money to pay its creditors. WaMu's former parent has been battling JPMorgan and the FDIC for access to an estimated $4 billion in cash that it had on deposit at WaMu when
regulators took over.

The FDIC is serving as receiver for WaMu, responsible for helping the thrift's creditors collect their money. Washington Mutual, the parent, filed a claim in the receivership but was turned down, according to the complaint.

WaMu's former parent said it would seek a jury trial of its case against the FDIC.

-By Peg Brickley, Dow Jones Newswires; 302-521-2266;
[email protected]