Saturday, February 19, 2011

Report: FDIC plans to sue former WaMu execs for over $1 Billion

by Bill McBride on 2/19/2011 07:31:00 PM

From Kirsten Grind at the Puget Sound Business Journal: FDIC to seek $1B from former WaMu execs

The Federal Deposit Insurance Corp. plans to file a civil suit against at least three former Washington Mutual executives, including former chief executive Kerry Killinger, seeking to collect more than $1 billion in damages ...
This dwarfs the $300 million lawsuit against IndyMac executives filed last year.