WaMu takes steps toward emerging from Chapter 11

05/20/2010 | CNBC

Attorneys for Washington Mutual told a bankruptcy judge that the company will file its proposed reorganization plan and disclosure statement after the Federal Deposit Insurance Corp. signs off on it. The move would put WaMu one step closer to emerging from bankruptcy. "We are trying to get this case out of Chapter 11 as quickly as possible," attorney Brian Rosen told Judge Mary Walrath.

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