Tag Archives: Owl Creek

WaMu Noteholders Appeal Judge’s Rejection of Reorganization

A quartet of junior creditors of Washington Mutual Inc., including Appaloosa Management, are bristling at a federal judge’s decision to to reject a reorganization plan in a ruling that also authorized other parties in the bankruptcy to file an insider trading lawsuit against the firms. (view story)

Hedge funds sell faltering U.S. banks

Maverick Capital and other hedge funds that won big betting on U.S. banks last year appear to be taking their chips off the table. (view story)