class action suit against wamu

• Heard Around the West

Americans have been "incredibly, astonishingly and embarrassingly stupid," railed columnist Bob Herbert in the New York Times. Like Bernard Madoff, the $50 billion Ponzi-scheme swindler who told the FBI that he "paid investors with money that wasn't there," Herbert says that for too long we've paid for everything from wars to houses with promises. Now, he says, "It's time to stop being stupid." Just how crassly stupid and venal a bank could be was revealed in a New York Times exposé of Washington Mutual, the Seattle-based company whose mantra was "the Power of Yes." Agents in 38 states were pushed to loan money for mortgages as fast as possible to absolutely anyone, without bothering to certify income or assets. When a loan applicant claimed he earned $12,000 a month as a gardener, for ...

...Donnell put on what's called an ice rescue suit, and then gingerly crawled out to the animals spra... $25 billion federal bailout after WaMu was bought by JPMorgan Chase, and a class action ssuit against WaMu brought by its former shareholders. As Herber...

• High Country News
• September 02, 2009

• In Re Washington Mutual, Inc.: Delaware Bankruptcy Court Limits Debtors' Release Of Third Parties.

...") as receiver for Washington Mutual Bank ("WaMu Bank"); JPMorgan Chase Bank, N.A. ("JPMC"), as pur... FDIC retained claims that WaMu Bank held against other third parties. On September 26, 2008 (the "P... proceedings and declaratory-judgment actions related to either the failure of WaMu Bank or the ... the debtor and the third party, such that a suit against the nondebtor is, in essence, a suit again... injunction, specifically if the impacted class or classes "overwhelmingly" vote to accept the pla...

• Mondaq Business Briefing
• Nbr. 2011, January 2011

• KIMBERLY BENSON V. JPMORGAN CHASE BANK, N.A., (9th Cir. 2012)

... "Millennium Ponzi scheme," seek recourse against JPMorgan Chase Bank N.A. ("JPMorgan"). They allegee that Washington Mutual, Inc. ("WaMu") aided and abetted the Ponzi scheme by providing ... on a purchasing bank's post-purchase actions. Such claims are not governed by FIRREA. They coul...All suits against those individuals and entities were enjoin...Both complaints sought certification of a class of similarly situated victims of the Millennium Po...

• Federal Circuits

• In Re Washington Mutual, Inc.: Delaware Bankruptcy Court Limits Debtors' Release Of Third Parties

...") as receiver for Washington Mutual Bank ("WaMu Bank"); JPMorgan Chase Bank, N.A. ("JPMC"), as pur... FDIC retained claims that WaMu Bank held against other third parties. On September 26, 2008 (the "P... proceedings and declaratory-judgment actions related to either the failure of WaMu Bank or the ... the debtor and the third party, such that a suit against the nondebtor is, in essence, a suit again... injunction, specifically if the impacted class or classes "overwhelmingly" vote to accept the pla...

• Mondaq Business Briefing
• United States Law Articles in English

• Wells Fargo Bank Sued for Fraud

A class action lawsuit filed today accuses Wells Fargo of fraud, claiming the bank froze millions of dollars in home equity loans by falsely claiming that its customers' home property values had declined significantly. The suit, which was filed in the Northern District of Illinois, alleges that Wells Fargo unlawfully failed to accurately assess the value of customers' homes before concluding that there had been a significant decline in property value.

... filed similar class action lawsuits against J.P. Morgan Chase, WAMU and Citibank over their re...

• Colorado Springs Business Journal
• August 20, 2009

• Pittsburgh Law Office of Alfred G. Yates Jr., PC Commences a Shareholder Class Action Suit Against Washington Mutual, Inc.

...("WaMu" or the "Company") (NYSE:WM) securities between Ap...

• Business Wire
• December 20, 2007

• GECCMC 2005-C1 PLUMMER STREET V. JPMORGAN CHASE BANK, (9th Cir. 2012)

... in the wake of the Washington Mutual Bank ("WaMu" or the "Failed Bank") failure in September 2008. ...GE filed suit against Chase in the Central District of Californi.... GE filed this action in the Central District of California directly aga... in the contract; instead, it can specify a "class clearly intended by the parties to benefit from th...

• Federal Circuits

• The People &c., by Andrew M. Cuomo, Attorney General of the State of New York v. First American Corporation, No. 184 (N.Y. 2011)

...This appeal arises out of an action commenced by the New York State Attorney General aagainst defendants The First American Corporation (First A...(WaMu), then the largest nationwide savings and loan ins...II. Cedeno Cedeno was a purported class action brought on behalf of the plaintiff and a si...at 274). . This suit is preempted because, in substance, and particular...

• New York Court of Appeals

• Regulatory investigations and the credit crisis: the search for villains.

... have been remarkably few major regulatory actions or prosecutions to date. (16) As this article expl...Washington Mutual ("WAMU") was seized by regulators and its branches and as..., to date there have been few major cases against wrongdoers. A number of significant obstacles, inc... high ratings that had been placed on many classes of bonds backed by subprime mortgages during the h... faced increasing market pressure to follow suit. (282) Since the credit quality of the ARS remaine...

• American Criminal Law Review
• Vol. 46 Nbr. 2, March 2009

• Hagens Berman Sobol Shapiro Announces Class Action Lawsuit Against Washington Mutual, Citing ERISA Violations.

.... The suit claims that under ERISA fiduciaries are obligated .... "In recent months WaMu has been hit with investigations and lawsuits that...

• Business Wire
• December 10, 2007