Kirkland Alert Kirkland & Ellis LLP

WaMu Court’s Decision A Lesson for Hedge Funds

On September 13, 2011, Judge Mary F. Walrath of the United States Bankruptcy Court for the District of Delaware issued a 139-page opinion denying, for the second time, confirmation of Washington Mutual, Inc.’s and its affiliated debtors’ (collectively, “WaMu”) proposed chapter 11 plan.