WaMu lawsuit

The Two-Way
5:14 am
Thu June 28, 2012

JPMorgan's losses 'may reach $9 billion'

JPMorgan Chase & Co. headquarters in New York.
Emmanuel Dunand AFP/Getty Images

Originally published on Thu June 28, 2012 4:42 am

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Bank Failure Fallout
9:25 am
Thu April 7, 2011

WaMu shareholders may get settlement in class-action suit

Former Washington Mutual Bank officials, David Beck, left, and David Schneider, shown testifying before the Senate subcommittee on Investigations on April 13, 2010. Schneider is named in a lawsuit that could end if a settlement is approved.
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.

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