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... in Bankruptcy California Federal Court Holds Plaintiffs filed a class action against Washington Mutual and other defendants alleging inter alia violations of the federal Fair Debt ... complaint alleged that defendants improperly froze plaintiffs' checking account funds. Yack v. Washington Mutual Inc., 389 B.R. 91, 93 (N.D. Cal. ... against them and then levied on their Washington Mutual bank account. Id., at 93-94. Washington Mutual complied with the levy, forwarding funds from plaintiffs' account to ...

... Class Action Allegations were "Verbose" but "Disordered" and Required "More Definite Statement" Washington Federal Court Holds Three class action complaints were filed against dozens of defendants alleging securities fraud in connection with Washington Mutual home lending business; specifically, the class actions alleged violations of §§ 10(b) and ... re Washington Mutual, Inc. Securities, Derivative & ERISA Litig., ___ F.Supp.2d ___ (W.D. Wash. May 15, 2009) [Slip Opn., at 1-3, 5 ...

... working through a broker won't have access to WaMu products via that channel, though they could WaMu loan prices and terms themselves independently. Presumably, Washington Mutual has or will communicate with brokers about what happens to the loans their clients have in progress with the company, ... said she did not have that information to disclose yet. So stay tuned. Update on Tuesday: Washington Mutual's changes will result in 3,000 job losses in various parts of the country ...

Federal regulators are moving quickly to broker a deal for Washington Mutual as the giant saving-and-loan comes under mounting financial pressure, The New York Times's Eric Dash and Andrew Ross Sorkin reported, citing people briefed on the negotiations. Even as Washington moves toward a vast bailout of financial institutions, the fortunes of Washington Mutual, have continued [...]

Beginning on Tuesday, October 2nd, Washington Mutual announced that it would be begin requiring its network of brokers to disclose more information to consumers about loan products prior to closings. Washington Mutual and other subprime lenders are facing mounting pressure from law makers and consumer advocacy groups for failing to adequately educate consumers about the loan [...]

Washington Mutual, the struggling savings and loan, has been working on several efforts to save itself, including a potential sale, people briefed on the matter said Wednesday. Goldman Sachs, which Washington Mutual has hired, started the process several days ago, these people said. Among the potential bidders that Goldman has talked to are Wells Fargo, JPMorgan [...]

Broker-dealers affiliated with Wells Fargo and Washington Mutual, two large banks with close ties to the San Francisco Bay Area, have entered into a settlement with the Financial Industry Regulatory Authority (FINRA) ... of $275,000 and $250,000, respectively, and consenting to the entry of findings regarding their inadequate supervision of variable annuity, mutual fund and unit investment trust (UIT) transactions with customers. The two bank's sell securities through Wells Fargo Investments and WM ...

Washington Mutual, one of the country's largest lenders, said Monday that it would exit the subprime lending business, cut its dividend and eliminate 3,150 jobs. The company said it was acting in the face of an "unprecedented challenge" in the mortgage and credit market, which it expected to continue through next year. In an effort to regain [...]

Washington Mutual may be able to withstand estimated losses of $36 billion and remain in business, and avoid an additional capital raise, said Ladenburg Thalmann analyst Richard X. Bove, who narrowed his 2008 loss forecast for the thrift. The largest U.S. savings and loan on Tuesday said its shareholders approved two proposals at a special shareholder [...]

As Wall Street scoured the financial industry Wednesday for the next weakest link after Lehman Brothers, it set its sights on a familiar target: Washington Mutual, the nation's largest savings and loan. Shares in the troubled lender, one of those hardest hit by the nation's housing crisis, plunged 30 percent, falling below $3 for the first [...]