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December 31, 2008

Judge rejects WaMu's confidentiality request

By RANDALL CHASE
AP Business Writer

WILMINGTON, Del. — A federal bankruptcy judge on Tuesday denied a request by Washington Mutual Inc. to keep details of certain asset sales secret.

WaMu, which filed for Chapter 11 reorganization in September, wants to sell certain equity holdings and interests in venture capital funds to generate value for the company and its creditors. The Seattle-based thrift was the biggest bank to collapse in U.S. history, with about $307 billion in assets.


 
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