Mr Cooper Group Inc (COOP)

[califax]

WaMu seeks to investigate JPMorgan conduct in deal

http://www.finanznachrichten.de/nachrichten-2009-05/13792874-brief-wamu-seeks-to-investigate-jpmorgan-conduct-in-deal-020.htm

01.05.2009 19:17
BRIEF-WaMu seeks to investigate JPMorgan conduct in deal

May 1 (Reuters) - Washington Mutual Inc: (News)

* Seeks court approval to conduct examination of JPMorgan Chase&Co (News/Aktienkurs) -

court documents

* Wamu says wants to investigate potential claims against JPMorgan

based on alleged misconduct leading up to its purchase of wamu assets

- court documents

* Wamu says wants to investigate whether JPMorgan engaged in 'sham

negotiations' and misused and publicly leaked confidential information from

wamu to gain unfair advantage in obtaining assets - court documents

* Wamu says wants to investigate whether fraudulent transfer or

other avoidance claims exist against JPMorgan - court documents

* Wamu says claims against JPMorgan may allow company to hold

JPMorgan responsible for 'destruction' of Washington Mutual Inc and total

losses suffered by its creditors and shareholders - court documents

* Jpmorgan spokeswoman says bank does not comment on pending litigation

((New York Equities Desk; tel: [phone]))


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