Summary
WILMINGTON, Del. - A Delaware bankruptcy judge on Tuesday rejected Washington Mutual Inc.'s attempt to get personal financial information from shareholders who are demanding an annual company meeting.
Attorneys for the bank holding company argued that it needs to know whether the shareholders have the financial ability to wage a proxy contest before funds from the bankruptcy estate are spent on an annual meeting.See the full content of this document
Extract
Bankrupt Bank Locked in Battle with Shareholders
But attorneys for the shareholders committee noted that its members have promised not to wage a proxy contest, and that the company is just trying to stall.
Judge Mary Walrath, who ruled in Apr...See the full content of this document
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