Washington Mutual Inc. Shareholder Requests Equity Committee in Chapter 11 Bankruptcy Case

[nicole...@gmail.com]

From: Nicole - nicole100w...@gmail.com

I'm getting a good feeling about that, IT'S COMING !!!!!!!!!! :-)

GO WAMU ! ! ! ! ! :-)

Washington Mutual Inc. Shareholder Requests Equity Committee in
Chapter 11 Bankruptcy Case

DALLAS, June 1 /PRNewswire/ -- Michael Rozenfeld, a Washington Mutual
Inc. stockholder has requested that the Department of Justice revisit
a previous request for an Equity Committee in the Chapter 11
Bankruptcy case of Washington Mutual Inc. Michael previously filed a
request for an Equity Committee November 10, 2008, shortly after the
seizure of Washington Mutual Bank and numerous subsidiaries. That
request was denied on January 9, 2009, after a brief investigation and
review by Joseph J. McMahon Jr., Department of Justice. The primary
reason it appears to have been denied was that anticipated lawsuits
had not been filed yet, and the WMI assets were less than their
liabilities. Mr. McMahon stated at that time, that the request for an
Equity Committee could be revisited at some future point.

In the November request, Michael had conjectured that lawsuits would
be filed against the FDIC and JPMorgan. Those lawsuits have since been
filed, but there is no resolution of them as yet. Shareholders are
very positive about a favorable resolution of those suits but are
concerned there may not be enough time to organize an official Equity
Committee to protect the shareholders when resolution is reached. WMI
appears to be in negotiations regarding this, based on a review of the
attorney bills on file in the Bankruptcy Court in Delaware. Judge Mary
Walrath is presiding over that case.

Michael is a member of the Washington Mutual Equity Group, which could
be considered an ad hoc Equity Committee. It currently consists of
approximately 500 members, and Michael made the current request on
their behalf. Getting an Equity Committee is the sole purpose of that
organization. Their website is www.WaMuEquity.org. Shareholders and
the general public are encouraged to visit that website to get more
information on the seizure and Equity Committees. Another popular
shareholder website is www.wamustory.com where a plethora of official
documents regarding the seizure and sale can be found.

The reason for an Equity Committee is to protect shareholder interests
in the resolution of the Chapter 11 Bankruptcy that was filed.
Currently the shareholders are not formally protected. Many
shareholders have modified their holdings to include shares of WAHUQ,
WAMPQ, WAMKQ and WAMUQ, in an attempt to protect themselves at least
partially. The company's net cash flow for April was 48.8 million.

J. Presnall
WaMuEquity.org
1-360-790-1149
JPresn...@WaMuEquity.org

SOURCE Washington Mutual Equity Group

http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/06-01-2009/0005035922&EDATE

Thanks wrds - Joyce !, you are doing a wonderful good job :-)