WaMu Gets Ex-DOJ Official as Bankruptcy Examiner
NEW YORK (Reuters) – Joshua Hochberg, a former top official in a U.S. Department of Justice criminal fraud unit, has been appointed to examine the bankruptcy of Washington Mutual Inc , the largest U.S. banking failure.
The appointment was announced six days after U.S. Bankruptcy Judge Mary Walrath in Wilmington, Delaware, directed that an examiner be named to review a recent settlement designed to help Washington Mutual reorganize, as well as related claims.
Hochberg is a partner at McKenna Long & Aldridge LLP in Washington, D.C. In a court filing he said that prior to joining the firm in 2005, he was chief of the fraud section, criminal section, of the Justice Department.
The appointment requires court approval, and was announced by the Office of the U.S. Trustee, which is part of the Justice Department.
Shareholders of Washington Mutual had long sought an examiner, believing they have been shortchanged in Washington Mutual’s nearly 2-year-old bankruptcy.
WaMu failure | admin July 27, 2010
1 Comment
Other Links to this Post
-
Washington Mutual: Gute Nachrichten – aber wo geht die Reise jetzt hin!? :Klemens Lehnemann — August 9, 2010 @ 7:26 am
RSS feed for comments on this post. TrackBack URI
