BSF Retained As Litigation Counsel On Behalf of Bondholders of Failed Bank, Washington Mutual
May 25, 2010
BSF is representing a group of bondholders, including Marathon Asset Management and York Capital management, who purchased bonds issued by Washington Mutual Bank. During the credit crisis of 2008, the Bank became the largest bank failure in U.S. history and its holding company, Washington Mutual, Inc., filed for bankruptcy. Since December 2009, BSF has been seeking to reach a resolution of billions of dollars of claims among the parties in a manner which provides appropriate returns to the bondholders.
Please follow the below links for leading media coverage.
Am Law Litigation Daily, May 25, 2010
WaMu Plan Gets FDIC's Approval, but Bondholders Still Angry
Reuters, May 24, 2010
WaMu bank unit bondholders oppose bankruptcy plan
Am Law Litigation Daily, April 9, 2010
That $6 Billion Settlement with JPMorgan in the WaMu Chapter 11? It May Be in Jeopardy After Bankruptcy Judge Refuses to Dismiss Claims by Bank Bondholders
Associated Press, March 29, 2010
FDIC opposes $1.4 billion refund for JPMorgan
Wall Street Journal, March 28, 2010
FDIC Stands Between J.P. Morgan and a WaMu Payoff
Wall Street Journal, March 16, 2010
Deal Or No Deal, WaMu Edition
Wall Street Journal, March 15, 2010
J.P. Morgan, WaMu End Deposit Spat
New York Times, March 12, 2010
WaMu Settles With JPMorgan and F.D.I.C.