WaMu CRO, financial adviser hirings approved

By Caroline Salls

Pittsburgh, Nov. 7 - Washington Mutual, Inc. obtained court approval to hire William C. Kosturos of Alvarez & Marsal North America, LLC as its chief restructuring officer, dating back to Oct. 2, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

WaMu also received court approval to hire Alvarez & Marsal as its restructuring adviser and to hire more of the adviser's employees to help with the company's restructuring.

Washington Mutual, a Seattle-based savings and loan holding company, filed for Chapter 11 bankruptcy on Sept. 26. Its Chapter 11 case number is 08-12229.

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