Loading...
Loading...
Washington Mutual, Inc. (Pink Sheets:
WAMUQ) today issued the following statement regarding
the Opinion issued by the United States Bankruptcy Court for the District of
Delaware:
WMI is pleased that the Bankruptcy Court reaffirmed its conclusion that the
Global Settlement Agreement is fair and reasonable and determined that
substantially all aspects of the Plan of Reorganization comply with the
requirements of the Bankruptcy Code.
The Company believes that the expeditious distribution of funds to holders of
allowed claims is of paramount importance. WMI intends, in consultation with
parties-in-interest, to proceed in a manner consistent with the Opinion in
order to seek confirmation of a modified plan as soon as practicable.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in