Washington Mutual hearing on claiming Ahmanson trust assets continued

By Jennifer Lanning Drey

Portland, Ore., June 24 - Washington Mutual, Inc.'s hearing on its motion to allow its Chapter 11 trustee to return to the company assets, income and proceeds held in nine trusts was continued to July 27 by the U.S. Bankruptcy Court for the District of Delaware, according to a source familiar with the case.

The company will respond to objections to the motion by July 22.

As previously reported, the trusts were established when the company purchased H.F. Ahmanson & Co. in 1998 and related to deferred compensation and retirement plans.

The hearing was originally scheduled for June 24.

Washington Mutual, a Seattle-based savings and loan holding company, filed for Chapter 11 bankruptcy on Sept. 26, 2008. Its Chapter 11 case number is 08-12229.

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