SEATTLE, Sept. 13, 2011 /PRNewswire/ -- Washington Mutual, Inc. (Pink Sheets: WAMUQ) ("WMI" or the "Company") today issued the following statement regarding the Opinion issued by the United States Bankruptcy Court for the District of Delaware (the "Court"):
WMI is pleased that the Bankruptcy Court reaffirmed its conclusion that the Global Settlement Agreement is fair and reasonable and determined that substantially all aspects of the Plan of Reorganization comply with the requirements of the Bankruptcy Code.
The Company believes that the expeditious distribution of funds to holders of allowed claims is of paramount importance. WMI intends, in consultation with parties-in-interest, to proceed in a manner consistent with the Opinion in order to seek confirmation of a modified plan as soon as practicable.
Additional details, including a copy of the Opinion, Global Settlement Agreement, Plan of Reorganization, and related Disclosure Statement are available at www.kccllc.net/wamu.
SOURCE Washington Mutual, Inc.