mortgage graud http://www.kplu.org en WaMu execs face federal lawsuit http://www.kplu.org/post/wamu-execs-face-federal-lawsuit <p>Several former Washington Mutual executives have been notified by the federal government that they&#39;ll be sued over their role in the collapse of the Seattle-based bank.</p><p>The Puget Sound Business Journal reports that sources familiar with the suit say <a href="http://www.bizjournals.com/seattle/news/2011/02/18/fdic-to-seek-1b-from-former-wamu-execs.html">the Federal Deposit Insurance Corporation intends to seek more than a billion dollars in damages.</a></p><p>To be named in the suit are:</p><ul><li>Kerry&nbsp;Killinger, former WaMu CEO&nbsp;</li><li>Steve&nbsp;Rotella, former president and chief operating officer&nbsp;</li><li>David Schneider, former head of the bank&rsquo;s home load division</li></ul><p>All three executives have denied wrongdoing.</p><p> Tue, 22 Feb 2011 16:08:32 +0000 KPLU News Staff 843 at http://www.kplu.org WaMu execs face federal lawsuit