Mr Cooper Group Inc (COOP)

[Johnnyiwantsome]

Olti 100 WMI WAS NOT SIEZED PERIOD ..I must agree with Hotmeat even though I rarely do ...ITS A FACT OF LAW AND RECORD ! WMB and WMFSB were siezed! The Hold co WMI and its sub WMI investment corp sought Chapter 11 BK protection.


SCOTTSDALE, Arizona, Sept 27 (Reuters) - Washington Mutual Inc (WM.N) has filed a petition for Chapter 11 bankruptcy protection from creditors in U.S. bankruptcy court in Delaware.

In the voluntary petition filed late Friday, the company listed assets of $32.9 billion, and debts of $8.2 billion, putting it in the top 10 largest U.S. bankruptcy cases ever filed.

Bank of New York Mellon (BK.N), as a trustee for debtholders, was listed as the company’s largest creditor.

According to the petition, Washington Mutual is being represented by New York law firm Weil Gotshal & Manges, which also represents Lehman Brothers Holdings Inc LEHMQ.PK in its Chapter 11 case.

Its subsidiary, WMI Investment Corp, also filed for bankruptcy protection, Washington Mutual said in a statement.