Announcements
Feb. 17, 2012

Kramer Levin Helps Achieve Confirmed Plan in Washington Mutual Bankruptcy

Kramer Levin today helped achieve confirmation of a plan of reorganization in the $7 billion bankruptcy of Washington Mutual, Inc. ("WaMu"), which was filed in 2008 in the wake of the largest bank failure in U.S. history. Judge Mary Walrath confirmed the plan after a hearing in U.S. Bankruptcy Court in Wilmington, Delaware. Kramer Levin represented a longtime client that was a significant holder of WaMu debt. The firm and the client helped resolve several complex issues in the case, leading to a consensual plan that ultimately will permit WaMu’s assets to be distributed to a wide range of stakeholders.

Kramer Levin's team on the matter included Corporate Restructuring and Bankruptcy partners Kenneth H. Eckstein and Thomas Moers Mayer; Litigation partners Alan R. Friedman, Jeffrey S. Trachtman, Jennifer L. Rochon and Gregory Aaron Horowitz; Banking and Finance partner David J. Fisher; Corporate Restructuring and Bankruptcy associates Daniel M. Eggermann and Matthew C. Ziegler; and Litigation associates Samantha V. Ettari and Katherine King.

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