Seeking Alpha

Seeking Alpha Portfolio App for iPad

254 people get WMIH.PK articles and Market Currents by email alert.

Get email alerts on WMIH.PK »

WMIH.PK

WMI Holdings Corp

6/18/2013, 10:15 PM ET

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Friday, February 17, 2012, 1:39 PM S&L giant Washington Mutual (WAMUQ.PK) finally gets the go-ahead to exit bankruptcy proceedings after more than three years of brutal legal battles. The plan calls for ~$7B to be distributed to creditors and includes significant recoveries for shareholders, who often are left with nothing in bankruptcy cases. WaMu's assets were sold to JPMorgan Chase (JPM +1%) in 2008. 3 Comments [Financials]
Friday, February 17, 2012, 5:27 AM WaMu reached a deal yesterday with preferred shareholders, and will now get the approval from creditors that it needs to exit bankruptcy. To sweeten the deal, WaMu increased preferred shareholders' stake in the reorganized post-bankruptcy company to 75% from 70%. Comment! [Financials]
Sunday, August 7, 2011, 6:46 AM Federal criminal investigations into failed mortgage lenders IndyMac Bancorp and New Century Financial have reportedly stalled, although New York recently opened its own probe into IndyMac. In addition, the Justice Department has closed an investigation to Washington Mutual (WAMUQ.PK) after it was dormant for over a year. 3 Comments [Financials]
Wednesday, July 6, 2011, 8:15 AM Former WaMu (WAMUQ.PK) CEO Kerry Killinger and two other execs have broken off settlement talks with the FDIC, and have filed to dismiss an FDIC lawsuit seeking to recover $900M for their role in the biggest bank failure in U.S. history. Comment!
Saturday, June 11, 2011, 9:15 AM A nice read for those feeling a bit helpless against too-big-to-fails: about the scruffy-bearded "hipster" ex-programmer (and WaMu (WAMUQ.PK) investor) who headed to Delaware bankruptcy court, caught a judge's ear, and changed the case's course. Suspecting big buys of trust preferreds were being done by hedge funds, he became a fly in the hedgies' ointment and helped usher in a settlement with small investors. 1 Comment [Financials]
Tuesday, May 24, 2011, 4:28 PM Washington Mutual (WAMUQ.PK) inches closer to exiting bankruptcy after reaching a deal to quiet shareholder protests over its $7B exit plan. It won't be a bank anymore; it'll be primarily a vehicle for tax breaks. The tentative pact gives shareholders equity in a reorganized WaMu that may be positioned to take advantage of $5B worth of tax breaks. Comment! [Financials]
Wednesday, January 19, 2011, 8:35 AM WaMu (WAMUQ.PK) hopes to be out of bankruptcy as soon as this March, bringing an end to the largest bank failure in U.S. history. 1 Comment
Wednesday, July 7, 2010, 12:13 PM A swap of securities into preferred stock on the eve of Washington Mutual's (WAMUQ.PK) seizure is the basis for a lawsuit by holders of $1B of the securities against WaMu and JPMorgan Chase (JPM). Plaintiffs want the swaps undone, and a determination that JPMorgan knew about misrepresentations and can't be a bona fide purchaser of the securities. 4 Comments
Wednesday, May 19, 2010, 4:50 PM JPMorgan Chase (JPM) abandons its demand for a $1.4B refund in exchange for a bigger upfront share of a Washington Mutual (WAMUQ.PK) bankruptcy settlement, hoping the concession may break a stalemate with WaMu bondholders and the FDIC. Comment!
Wednesday, May 19, 2010, 2:56 PM Washington Mutual (WAMUQ.PK) and the FDIC expect to reach a settlement by Friday to resolve their legal disputes, a key to ending the bankruptcy stemming from the biggest-ever U.S. bank failure. Comment!
Friday, March 12, 2010, 1:18 PM And investors bail out on the "cheap lottery ticket" that was WaMu (WAMUQ.PK) with news of its settlement; shares -74.1% to $0.096. Comment!
Friday, March 12, 2010, 1:02 PM Bankrupt Washington Mutual (WAMUQ.PK) settles with JPMorgan Chase (JPM) and the FDIC, saying it's pleased with "substantial recoveries" for creditors and that it's been vindicated for its positions in the case. 1 Comment