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Washington Mutual, Nortel, Colonial BancGroup, Property Stays: Bankruptcy

Bill Rochelle
Washington Mutual, Nortel, Colonial BancGroup, Property Stays: Bankruptcy - Washington Mutual - bankruptcy - United States


Washington Mutual Inc.’s bankruptcy examiner filed his preliminary report yesterday and won permission from the judge to extend the current Oct. 8 deadline for submitting his final report.



Joshua Hochberg, the examiner, said he will file his report on Nov. 1, when the plan confirmation hearing is currently on the court’s schedule.

Hochberg, a former head of the Justice Department fraud unit and now a lawyer with McKenna Long & Aldridge LLP, was designated by the bankruptcy judge in late July to evaluate the merits of a proposed settlement with the Federal Deposit Insurance Corp. and JPMorgan Chase & Co. The settlement is the foundation for WaMu’s proposed Chapter 11 plan.


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