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WaMu Settles Class-Action Suit

Washington Mutual agreed to settle a large shareholder class-action lawsuit for $208.5 million that alleged it failed to stop investments when the now-failed bank knew, or should have known, how much trouble it was in.

Senh: It's good to see some of these banks finally paying for the damage they've caused.

 

FDIC Nears WaMu Settlement

The FDIC is close to settling a lawsuit that accused former Washington Mutual executives of taking gambles that sparked the thrift's 2008 collapse.

 

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