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$41.5M Settlement Proposed in WaMu Securities Class Action


This is a settlement for the Washington Mutual Bank Collapse lawsuit.

New York, NY: A settlement has been proposed which would end a securities class action lawsuit brought against Washington Mutual by investors who purchased the bank's common stock between n April 15, 2003 and June 28, 2004, inclusive, and who were damaged thereby (the "Class").

The class has been certified and a settlement for $41.5 million in cash has been proposed. A hearing will be held before The Honorable John C. Coughenour on June 5, 2012 to determine whether the proposed Settlement should be approved by the Court as fair, reasonable, and adequate, and to consider the application of Plaintiffs' Counsel for attorneys' fees and reimbursement of expenses.

To participate in the Settlement, you must submit a Proof of Claim no later than July 2, 2012. If you are a Class Member and do not exclude yourself from the Class, you will be permanently bound by the Court's Final Judgment and Order of Dismissal with Prejudice.

To exclude yourself from the Class, you must submit a request for exclusion postmarked no later than May 4, 2012. Any objections to the Settlement must be filed by May 4, 2012. If you are a Class Member and do not submit a proper Proof of Claim, you will not share in the Settlement but you nevertheless will be permanently bound by the Court's Final Judgment and Order of Dismissal with Prejudice. Visit WaMu2004CommonStockLitigation.com for full details.

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Published on Feb-24-12


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