Three former execs of Washington Mutual agree to settle a lawsuit filed by the FDIC for about...

|By:, SA News Editor

Three former execs of Washington Mutual agree to settle a lawsuit filed by the FDIC for about $90M - marking only 10% of the amount that was originally sought. The bulk of the settlement will come from insurers and the bank's estates, and not from the bankers whose gambles and misadventures led to the costliest bank failure in the history of the U.S.