Sending the Debtors back to the drawing board after almost three years in bankruptcy, in a 139 page opinion, the Bankruptcy Court has for the second time denied confirmation of the Plan of Reorganization for Washington Mutual, Inc. (“WaMu”), which was the owner of the largest savings bank ever to be seized by the FDIC.
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USA, Banking, Insolvency & Restructuring, Litigation, Winston & Strawn LLP, Confidentiality, Bankruptcy, Debtor, Unsecured debt, Interest, Insider trading, Liability (financial accounting), Mediation, Materiality (law), Federal Deposit Insurance Corporation (USA), JPMorgan Chase, United States bankruptcy court
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