WaMu bankruptcy drags on, investigation may yet happen (yawn)
As of a few weeks ago:
1. The WaMu bankruptcy Judge denied shareholders request to appoint an investigation into WaMu’s seizure/failure.
2. Said just did though order WaMu (the holding company) to share with shareholders results from its own investigation and told them to talk with shareholders to work this out.
So where are we at now? As this update from Business Week summarizes:
1. Shareholders still have a change to ask for an investigation if they can show the judge that WaMu’s investigation wasn’t good enough
2. Shareholders still have a shot at forcing an annual meeting and forcing out the current directors to get their own crew on board to better direct WaMu’s bankruptcy.
WaMu failure | admin June 17, 2010
