Tuesday, October 27, 2009

BusinessInsider.com | Washington Mutual Wants Billions From The FDIC

October 27, 2009 - The FDIC seizure of Washington Mutual's banking operations has resulted in a myriad of claims in which the bank holding company is seeking to get back as much as $17 billion.

Besides the $4 billion WaMu argued JP Morgan owes it in a hearing last week, it also alleges that the FDIC owes it $6.5 billion in capital contrubtions made to its bank, $4 billion in preferred securities and $3 billion in tax refunds, according to an article in the New York Law Journal.

That article provides highlights and analysis of each of the various pending lawsuits and can be found here.
FULL STORY