Earlier, a Delaware judge had postponed consideration of the disclosure statement that would describe WaMu’s reorganization plan till Thursday of this week. However, the organization’s attorneys requested that the hearing be moved until July 8th.
It is reported that the shareholders want information about a proposed settlement of lawsuits that place JP Morgan Chase & Co, Federal Deposit Insurance Corp. and WaMu against one another. In 2008, the FDIC took Washington Mutual’s flagship bank and sold it to JP Morgan Chase for a reported $1.9 billion.
Now, shareholders say they are in negotiations with WaMu, but many issues are yet to be resolved.