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WaMu Trust Defeats Challenge To Ch. 11 Warrant Deal
By Jamie Santo
Law360, Wilmington (February 03, 2015, 10:09 PM ET) -- A Delaware federal judge on Monday tossed a individual challenge to Washington Mutual Inc.'s settlement with a class of investors in the defunct bank’s litigation tracking warrants, finding the appeal failed to properly address the deal.
U.S. District Judge Gregory M. Sleet dismissed the appeal of warrant holder Benjamin Bush, ruling that the investor had no grounds to contest the agreement because he appealed a previous decision of the bankruptcy court regarding warrants but never appealed the settlement itself."
