Kerry Killinger

Cliff Owen / AP Photo

A tentative settlement has been reached in a class-action lawsuit against Washington Mutual Inc, the largest bank failure in the nation's history. If a U.S. district court judge approves it, shareholders would get some money for stocks that are basically worthless now.

AP

Making headlines around the Northwest this morning:

  • Lawsuits Blame Top WaMu Execs
  • Deeper Cuts for State Ahead
  • New Findings in Port Orchard Wal-Mart Shooting

 

Killinger on FDIC Allegations: "Fiction"

Negligence led to the nation's largest-ever bank failure, claims the Federal Deposit Insurance Corporation (FDIC), which filed suit against former Washington Mutual leaders Kerry Killinger, David Schneider and Stephen Rotella. The Seattle Times' Sanjay Bhatt reports the FDIC wants: