Washington Mutual plan confirmation denial order draws three appeals

By Caroline Salls

Pittsburgh, Sept. 27 - The court order denying confirmation of Washington Mutual, Inc.'s plan of reorganization drew three appeals on Sept. 27, according to filings with the U.S. Bankruptcy Court for the District of Delaware.

The appeals were filed by Aurelius Capital Management, LP, on behalf of and together with managed entities Aurelius Capital Partners, LP, Aurelius Capital Master, Ltd., Aurelius Convergence Master, Ltd. and Aurelius Investment, LLC; Normandy Hill Capital LP and a group of Appaloosa Management LP, Owl Creek Asset Management, LP and Centerbridge Partners, LP entities.

The Appaloosa, Owl Creek, Centerbridge filing specified that they were appealing the part of the confirmation order that grants standing to Washington Mutual's equity committee to prosecute claims for equitable disallowance.

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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