Washington Mutual Preferred fka WAMPQ

[marayatano]

Pilgrim's Pride BK, similar allegations as WMI:

"Upon information and belief, the Equity Committee rejected a similar structure in advance of the July confirmation proceedings, in part, because of uncertainty as to whether the Equity Committee?s members and professionals would be assured of receiving the above post- confirmation employment opportunities and benefits."

47. The Bankruptcy Court acknowledged that the Unsecured Creditors’ Committee
“allege[d] (and the UCC Objection support[ed] the allegations through cites to the depositions of
Willingham, Snyder, and Pilgrim) that Brown [Rudnick] and Willingham solicited shareholder
participation in the AHSH [Ad Hoc Shareholders Group] for their own profit in contravention of
laws respecting proxy solicitation and prohibiting barratry.” Memorandum Opinion, p. 6, ECF
No. 1652.

http://www.kccllc.net/documents/0845664/0845664090824000000000014.pdf

Credit: Yboard/Gibson