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

Mr. Sargent: "We have them from other sources." 1-Jul-11 09:13 am
Mr. Sargent: "We have them from other sources."

Below, is an incredible exchange between Sargent and Judge Walrath. He's basically telling her that he knows the Hedge Funds haven't provided all the documents. How does Sargent know this? He knows because he already has some of them from other sources.

Let's hope S&G has other documents, also provided by other sources, and can use those other documents to nail the Hedge Funds, and prove that they didn't provide all the docs, like they told the Judge in court.

ND9
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Mr Sargent: But it's clear from the record that that's not the only material non-public information that the settling noteholders received, as part of their involvement with the bankruptcy. They were involved in presentations by the debtor's counsel about the claims, and there's sixty paged slide decks from Quinn Emanuel.

The Court: And you have those?

Mr Sargent: We have them not from the settling noteholders, we have them from other sources.

http://ghostofwamu.com/documents/HearingTranscripts/08-12229-20110629.pdf

"se cierre el caso con un acuerdo en beneficio de todas las partes."

Es vergonzante que digas esto despues del ultimo hearing pero que esperar de ti despues de todo lo que has fomentado estas acciones en bancarrota.

http://www.chicagotribune.com/business/sns-rt-us-washingtonmutualtre7602ha-20110701,0,557708.story

WILMINGTON, Del., July 1 (Reuters) - Washington Mutual Inc's(WAMUQ) officers, directors, underwriters and auditor have agreed to a $208.5 million settlement to end class-action securities fraud lawsuits, according to court documents.

The settlement is among the largest stemming from the financial crisis, trailing a $624 million settlement by Countrywide Financial Corp and $475 million by Merrill Lynch & Co Inc.
The lawsuits in the U.S. District Court for the Western District of Washington accused the defendants of concealing from investors poor loan underwriting and inflated appraisals that juiced earnings. That inflated the company's stock price, which was once a stock-market darling.

As the U.S. housing market began to crash, Washington Mutual's(WAMUQ) loans soured at an alarming rate. In September 2008 regulators seized the company's savings and loan business in the largest bank failure in U.S. history.

The day after the seizure, the bank holding company, Washington Mutual Inc(WAMUQ), filed for bankruptcy.

Under the terms of the class-action settlement, announced in court papers dated Thursday, claims against the directors and officers will be settled for around $105 million.

About a dozen underwriters of the company's securities contributed $85 million to the settlement; the company's auditor, Deloitte & Touche LLP, contributed $18.5 million.

The settlement is subject to court approval.

The cases were consolidated as Washington Mutual Inc Securities, Derivative & ERISA litigation, U.S. District Court, Western District of Washington, No. 08-md-1919.

A ti si que te van a meter en una cascada de agua cuando acabe todo este engaño y estafa orquestada.

6/30/2011 8059 Sixteenth Monthly Application of Peter J. Solomon Company as Financial Advisor and Consulting Expert to the Official Committee of Equity Security Holders of Washington Mutual, Inc. et al., for Allowance of Compensation for Services Rendered and Reimbursement of Expenses Incurred for the Period of May 1, 2011 Through May 31, 2011

http://www.kccllc.net/documents/0812229/0812229110630000000000013.pdf

Order Granting Motion of the Official Committee of Equity Security Holders of Washington Mutual, Inc., et al. for Extension of Time to Object to the Modified Sixth Amended Plan

http://www.kccllc.net/documents/0812229/0812229110623000000000004.pdf

Así que buen y caluroso fin de semana para todos.

De Susman puedes esperar cualquier cosa incluso que tire la toalla despues de sus numerosas cagadas y faltas de actuaciones. Mas que defender a la equidad parece que este abriendo camino para que los debtors se queden los activos sin oposicon alguna.

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=te&bn=86316&tid=786002&mid=-1&tof=3&rt=2&frt=2&off=1#-1

empiezan a llegar papeles