WILMINGTON, Del. (AP) — The Delaware judge presiding over Washington Mutual Inc.’s bankruptcy says a ruling on whether to approve the company’s reorganization plan won’t come before the end of the year.
The judge ordered attorneys Monday to advise her by Dec. 29 whether they will agree to a one-month extension of the Dec. 31 approval deadline called for in WaMu’s plan. The plan is based on WaMu, JPMorgan Chase and the Federal Deposit Insurance Corp. settling lawsuits filed against one another after the collapse of Seattle-based Washington Mutual Bank in 2008 and the sale of its assets to JPMorgan for $1.9 billion.
The judge noted that the settlement involves billions of dollars and several parties, and is the subject of several unresolved objections.
