Washington Mutual stockholders may grant releases, get distributions

By Jim Witters

Wilmington, Del., Feb. 27 -Washington Mutual, Inc. announced Monday that holders of preferred and common stock may change their decision not to grant releases and be eligible to receive distributions under the seventh amended plan of reorganization.

Holders of preferred and common stock in classes 19 and 22 have until March 7 to change their election to opt out of granting the releases, according to a company press release.

Those seeking to change their election to opt out must contact Kurtzman Carson Consultants, LLC directly or through a bank or broker.

Washington Mutual, a Seattle-based savings and loan holding company, filed for bankruptcy on Sept. 26, 2008 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 08-12229.

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