Mr Cooper Group Inc fka COOP

[Potatochip]

Washington Mutual Soars 350% On Bankruptcy Exit Plan

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"In a surprising development in late May, the hedge funds agreed to give shareholders a stake in Washington Mutual after it emerges from bankruptcy in return for dropping the investigation into insider trading charges. In addition, the hedge funds agreed to give Washington Mutual $100 million in financing for acquisitions after it emerges from bankruptcy. Shareholders will also have the benefit of a $30 million trust set up to seek recovery from other parties involved in the collapse of Washington Mutual."
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Read full article here
http://problembanklist.com/washington-mutual-soars-on-bankruptcy-exit-plan-0357/

GLTA

Go WaMu
Go Team
Go home BR