In re Washington Mutual Inc.

Ruling: 
Confirmation denied due to necessary modifications to debtor bank's final settlement with FDIC, another bank and the creditor.
Procedural posture: 
Debtors filed petitions under chapter 11 and proposed a joint plan for reorganizing their businesses that incorporated a global settlement with a bank, the Federal Deposit Insurance Corporation (the "FDIC"), and various creditors. The plan was opposed by the United States Trustee and parties that had filed claims against the debtors' bankruptcy estates. The court held hearings on the plan.
Issue: 
ABI Membership is required to access the full summary of In re Washington Mutual Inc.. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on January 07,2011, LexisNexis #0211-028