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WILMINGTON, Del. — The judge in Washington Mutual’s bankruptcy said Tuesday she will disregard the conclusions of top executives that the company’s proposed reorganization plan is fair and reasonable as she considers whether to approve the plan.
Judge Mary Walrath said those conclusions are merely arguments and opinions and that she will look only at evidence in determining whether to confirm WaMu’s plan, which is based upon the proposed settlement of lawsuits that bank-holding company Washington Mutual, JPMorgan Chase and the Federal Deposit Insurance Corp. filed against one another.
