La Juez Walrath desestima las peticiones de JPM para cerrar el caso WAMU
Aquí teneis (en inglés) la noticia publicada por Peg Brickley del Dow Jones Bankruptcy Review... esto marcha señores, el tren WAMU no lo para Dimon más que con una tanqueta de $$$$$$$$$$$$$$$$$$$$$$$$$$ muchos Billones.
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In the adversary proceeding 09-50551 (this is the one JPM submitted to protect the assets they acquired from the FDIC), THJMW denied the motion of JPM to dismiss WMI's counterclaims:
Order Denying Motion to Dismiss Debtors' Counterclaims (related document(s) 41 , 137 ) Order Signed on 9/14/2009. (MEB) (Entered: 09/14/2009)
ByPeg Brickley
Of DOW JONES DAILY BANKRUPTCY REVIEW
Washington mutual inc the former parent of Washington Mutual bank, defended a judges decision to keep a 10 billion legal battle in bankruptcy court on the grounds that JPM and Co knew it risked a court fight but bought the failing thrift anyway jpm tried unscucessfully to block bankruptcy court lawsuits that are part of the fallout from the deal in favor of a determination in federal court.
Judge Mary W ruled lawsuits can go forward in the US Bankrupty court in Wilmington DE because tehy involve wamu assets taht passed through regulators hands but that are now in jpms control.
Jpm and the FDIC are trying to get in front of a federal appeals court to get an order stopping the bankruptcy court lawsuits including one imitated by JPM.
Wamu the parent company answered JPMs suit by counter suing to reclaim more than 10 billion worth of WAMU assets. The parent company filed a second suit of its own demanding that JPM turn over 4 billion in cash that was in the parents bank accounts at the time the thrift was taken over Federal regulators seized Wamu in sept 2008 and sold it to jom for 1.9 billion. The loss of its major business sent the parent company into ch 11 bankruptcy protection adn sparked a series of legal actions.
On friday lawyers for wamus former parent said allowing bankruptcy court lawsuits to continue will not jeopardize future efforts by regulators to find buyers willing to take over failed banks.
JPMs record firwide revenue proves that the threat of leggal trouble wont chill bidding on troubled banks, wamus former parent said
"JPMC was aware of its exposure. Yet JPMC proceeded with the transaction unchilled. They knew it was doing" lawyers for wamus former parent wrote Friday in a filling with the US District court in Wilmington Del.
WaMU said JPM realized a 1.9 billion after tax extrodinary gain ffrom merger related items in connection with its purchas of the WMB and has achieved record firmwide revenue in 2009.
The FDIC brokered the sale of WAMU to JPM and is presiding over a receivership to deal with billions of dollars worth of claims against the Seattle based thrift..
