Wamu Seeks to Force JPMorgan to Return $4 Billion (Update2)
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Oct. 22 (Bloomberg) --
former parent of the biggest U.S. bank to fail, asked a judge to
order JPMorgan Chase & Co. to return $4 billion in deposits
acquired when it bought the failed bank.
Wamu wants U.S. Bankruptcy Judge Mary Walrath in Wilmington,
Delaware, to grant it the funds without holding a trial to
determine ownership. The money is claimed by Wamu, JPMorgan, the
Federal Deposit Insurance Corp. and bondholders owed $13.7 billion
by Washington Mutual Bank.
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