Acceder

Washington Mutual demanda a la FDIC por 17 billones US$ + daños

26,5K respuestas
Washington Mutual demanda a la FDIC por 17 billones US$ + daños
3 suscriptores
Washington Mutual demanda a la FDIC por 17 billones US$ + daños
Página
2.967 / 3.346
#23729

Por fin! WAMU contra Goldman Sachs por Insider Trading

WaMu Trustees Seek Goldman Probe

Mon 03 Dec 2012 | General Share

Trustees for creditors left unpaid after the biggest banking failure in U.S. history say they suspect Goldman Sachs Group Inc. (GS) of targeting Washington Mutual Inc., in a naked short-selling scheme.

If those suspicions prove out, the alleged wrongs could translate into a damage award for those still looking for money from Washington Mutual's Chapter 11 case, according to papers filed Friday in the U.S. Bankruptcy Court in Wilmington, Del.

Goldman Sachs spokesman Michael DuVally declined comment on Monday. Creditors are asking for a court order entitling them to investigate Goldman Sachs' trading activities for evidence of naked short selling.

Naked short selling involves trading in shares that an investor doesn't own, doesn't borrow and doesn't deliver. The phantom stock trades flood the market with what appear to be shares available for sale, and they drive down the stock price.

Creditor attorneys say there's "unmistakable" evidence Washington Mutual was victimized by naked short sales in the months leading up to its September 2008 bankruptcy filing. They want to know if long-time investment banker Goldman Sachs was involved in "abnormally high levels' of short selling of Washington Mutual's stock.

Washington Mutual was the holding company that owned Washington Mutual Bank, or WaMu, a thrift swept under in 2008 after indulging in the subprime lending boom. Its final affairs are in the hands of a bankruptcy trust.

Goldman Sachs was called on by Washington Mutual, charged with shoring up market confidence and locating a buyer, court papers say.

"Instead of providing this promised support to [Washington Mutual], it appears that Goldman Sachs may have decided it could make more money by betraying its client," court papers allege.

If they get proof, creditors believe they can hit Goldman Sachs with a suit for damages over breach of its contract as investment banker for Washington Mutual.

A court-appointed examiner weighed the chances of suing Goldman Sachs for holding a short position in the stock of its client, Washington Mutual, but dismissed it, noting the investment banking contract authorized Goldman Sachs to "hold long and short positions" in the stock.

Creditors attorneys say that only applies to "legal" shorting of the stock, not "unlawful naked shorts or...participation in a scheme to artificially depress [Washington Mutual's] stock price."

They cited settlements Goldman Sachs signed in 2007 and 2010 ending Securities and Exchange Commission claims it participated in illegal short-sale trading.

A wide-ranging Chapter 11 plan settlement meant full recovery for many top-ranking creditors, but left shareholders and creditors who ranked at the bottom of Washington Mutual's pile of unpaid debts still looking for funds to make good their losses.

The request to probe Goldman Sachs is part of the cash chase, which is being led by the same lawyers who championed Washington Mutual's shareholders in bankruptcy court, from the firm of Susman Godfrey LP.

The bankruptcy settlement ended much of the litigation stemming from WaMu's demise, but creditors say Goldman Sachs is still fair game.

The most recent figures indicate there was nearly $368 million in cash still sitting in the Chapter 11 coffers at the end of September as efforts continue to scrape up value for unpaid creditors.

Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection. Go to

Write to Peg Brickley at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

http://www.lloyds.com/news-and-insight/news-and-features/dow-jones/article/11968/wamu-trustees-seek-goldman-probe

#23730

Re: Por fin! WAMU contra Goldman Sachs por Insider Trading

Hearing 27 diciembre para aprobar un Discovery.
Con toda la mierda que envuelve este caso espero que lleguen a un settlement para el beneficio de los Escrow accounts WMI LT.

Hablamos de 9.6 Billones adicionales sin hablar de triple damages si hay fraude de por medio.

Susman defiende a WMI LT.

#23731

Re: Por fin! WAMU contra Goldman Sachs por Insider Trading

On PACER, hold on.

11/30/2012 10869 Motion by WMI Liquidating Trust for an Order Authorizing an Examination of Goldman Sachs Pursuant to Bankruptcy Rule 2004. Filed by WMI Liquidating Trust. Hearing scheduled for 12/27/2012 at 02:00 PM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #4, Wilmington, Delaware. Objections due by 12/20/2012. (Attachments: # 1 Exhibit 1# 2 Exhibit 2# 3 Exhibit 3# 4 Exhibit 4# 5 Exhibit 5# 6 Exhibit 6# 7 Exhibit 7# 8 Exhibit 8# 9 Exhibit 9# 10 Proposed Form of Order # 11 Notice) (Olivere, Mark) Modified docket text on 12/3/2012 (LMD). (Entered: 11/30/2012)

Only paid to download the MAIN document -- the rest should show up on KCCLLC for free.

{Part 1 attached}

Update: Part 1 as OCR: -- http://reorgwmi.com/documents/08-12229/08-12229-10869.pdf

Part Description
1 Main Document 18 pages
2 Exhibit 1 2 pages
3 Exhibit 2 20 pages
4 Exhibit 3 9 pages
5 Exhibit 4 20 pages
6 Exhibit 5 3 pages
7 Exhibit 6 3 pages
8 Exhibit 7 4 pages
9 Exhibit 8 3 pages
10 Exhibit 9 39 pages
11 Proposed Form of Order 2 pages
12 Notice 2 pages

#23732

Re: Por fin! WAMU contra Goldman Sachs por Insider Trading

Cuanto lo siento por WAMU, no se que principio tuvo pero el final lo has contado nada menos que tu.
Saludos

#23733

Re: Por fin! WAMU contra Goldman Sachs por Insider Trading

Franz: no entiendo tu post el final? WAMU salió de BK h se reconvirtió en WMI Holdings es muy posible que ahora que JPM y FDIC quedaron absueltas que se pueda perseguir a GS por instigar la caída de WAMU a través de Naked Short Selling... Para mi esta es una buena oportunidad de darle en la cara al Gigante corrupto.
El 27 diciembre sabremos más.

A GS ya le han cogido en el doble juego antes y hay una mención especial a WAMU en el Trial de Raj y Gupta.
Veremos hacia que sendero oscuro nos lleva toda esta trama de corruptela de altos vuelos.

#23734

Goldman Sachs... La Caja de PANDORA

GS ES LA CAJA DE PANDORA. ¡Nadie quiere abrirla! Goldman Sachs está manchada de sangre. Susman Godfrey esta pidiendo una pala para cavar en la Cueva de GS...

No solo eso, los Hedgies que estan cortos en WMIH ahora...(incluso via Naked Short Selling) para que el precio no suba < 0.50....deberan empezar a preocuparse a partir del 27 Diciembre

Tarde o temprano a cada cerdo le llega su San Martin.
Esto empieza a ponerse interesante

#23735

Goldman Sachs... La Corrupción (enlaces)

http://blogs.wsj.com/marketbeat/2008/04/11/goldman-sell-wamu-stock-buy-the-bonds/

http://www.washingtonpost.com/business/economy/goldman-sachs-subpoenaed/2011/06/02/AGrExXHH_story.html

http://ecommerce-journal.com/news/17117_goldman_sachs_and_others_under_investigation_of_senate_over_crisis_pestholes

http://www.nytimes.com/2009/07/13/business/13goldman.html?hp

http://www.kccllc.net/documents/0812229/0812229090817000000000008.pdf

http://www.reuters.com/article/2011/05/20/us-goldmansachs-idUSTRE74J0E920110520

http://www.bloomberg.com/news/2010-06-30/scrutiny-of-goldman-sachs-board-focusing-on-silence-over-client-conflicts.html

http://www.marketwatch.com/story/goldman-sachs-repays-about-10-bln-in-tarp-funds-2009617133340

http://www.bloomberg.com/news/2011-04-14/goldman-traders-tried-to-manipulate-market-in-2007-report-says.html

http://finance.yahoo.com/blogs/breakout/goldman-sachs-got-15b-loan-got-lousy-t-172831118.html%20?sec=topStories&pos=9&asset=&ccode=

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aQN82Ex2qZtM

http://blogs.wsj.com/deals/2011/10/26/in-arresting-goldman-sachs-ex-director-is-the-government-chasing-the-big-fish/

http://www.bloomberg.com/news/2011-04-29/goldman-sachs-jpmorgan-face-eu-antitrust-probe-of-cds-market.html

http://www.ritholtz.com/blog/2010/04/somali-pirates-say-they-are-subsidiary-of-goldman-sachs/

http://www.bloomberg.com/news/2011-04-14/goldman-sachs-misled-congress-after-duping-clients-over-cdos-levin-says.html

http://littlesis.org/list/76/Hedge_funds_started_by_former_Goldman_Sachs_executives

http://www.reuters.com/article/2011/08/22/us-goldman-blankfein-idUSTRE77L5VK20110822

http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=1&hp=&adxnnl=1&adxnnlx=1331726585-Oivd1RYWeiYmBQJQWbCjTA

http://money.cnn.com/2008/04/15/news/companies/boyd_goldman.fortune/index.htm?postversion=2008041604

http://www.dvorak.org/blog/2009/07/18/blasting-goldman-sachs/

http://blogs.reuters.com/commentaries/2009/07/22/goldman-what-about-the-fdic-backed-debt/

http://www.rollingstone.com/politics/news/the-people-vs-goldman-sachs-20110511

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7b36526B98-D5D5-422D-B9B1-38E521C8CCA0%7d&siteid=yhoof2

http://www.allgov.com/Controversies/ViewNews/Federal_Government_Asks_for_Closed_Courtroom_to_Protect_Goldman_Sachs_Secrets_101029

http://www.lewrockwell.com/taibbi/taibbi8.1.1.html

http://www.zerohedge.com/article/people-vs-goldman-sachs-taibbis-magnum-opus

http://www.wickedlocal.com/framingham/news/lifestyle/columnists/x340402736/MADDOCKS-Bank-of-America-accuses-JPMorgan-and-Goldman-Sachs-of-cheating-on-stress-test

http://www.lewrockwell.com/taibbi/taibbi8.1.1.html

http://www.bloomberg.com/news/2011-05-24/goldman-s-big-short-is-levin-s-big-target.html

http://www.huffingtonpost.com/2011/04/14/goldman-financial-crisis-prosecution_n_848994.html

http://www.deepcapture.com/goldman-sachs-john-paulson-and-the-hedge-funds-that-pumped-and-dumped-our-economy/

http://www.independent.ie/business/irish/supermerger-plan-examined-by-rabobank-1550128.html

http://seattletimes.nwsource.com/html/nationworld/2011642728_regulate19.html

http://www.rollingstone.com/politics/blogs/taibblog/rajat-gupta-and-goldman-sachs-sec-after-big-fish-20110303

http://money.cnn.com/2008/04/15/news/companies/boyd_goldman.fortune/index.htm?section=money_latesthttp://www.bloomberg.com/news/2012-08-03/knight-said-to-enlist-goldman-sachs-to-close-out-errant-trades.html

http://dealbreaker.com/2011/02/goldman-sachs-execs-are-sick-of-jpmorgan-getting-away-with-everything-they-cant/#

http://dealbreaker.com/2011/02/goldman-sachs-execs-are-sick-of-jpmorgan-getting-away-with-everything-they-cant/#

http://www.guardian.co.uk/business/2010/apr/18/goldman-sachs-regulators-civil-charges

http://www.nytimes.com/2009/07/13/business/13goldman.html?hp=&adxnnl=1&adxnnlx=1354640545-VdttMMQCXQ4BLu5H4VAKNw

http://www.truth-out.org/goldman-sachs-vp-changed-his-name-now-advances-goldman-lobbying-interests-top-staffer-darrell-issa/1

http://www.deepcapture.com/goldman-pillages-goldman-steals-goldman-sachs/

http://www.zerohedge.com/news/hank-paulson-tipped-goldman-led-plunge-protection-team-about-fannie-bankruptcy-7-weeks-advance

http://dealbook.nytimes.com/2011/01/28/blankfein-gets-13-2-million-for-2010/?src=dlbksb

http://blogs.reuters.com/commentaries/2009/07/05/a-goldman-trading-scandal/

http://www.opensecrets.org/pres12/contrib.php?cycle=2012&id=N00000286

http://www.nytimes.com/2010/05/19/business/19client.html?pagewanted=1&src=busln

http://uk.reuters.com/article/idUKLNE55S01F20090629

http://www.ft.com/cms/s/0/f9753506-2990-11e0-bb9b-00144feab49a,s01=1.html

http://www.businessinsider.com/neil-morrison-goldman-sachs

http://www.bloomberg.com/news/2011-08-31/ex-goldman-exec-joined-sec-after-earning-more-than-57-million.html?cmpid=msnmoney

http://www.businessweek.com/news/2011-11-16/jpmorgan-joins-goldman-keeping-italy-derivatives-risk-in-dark.html

#23736

Re: Goldman Sachs... La Caja de PANDORA

Frena no te aceleres como siempre ;), que ni la hipotética solución irá a wmih (por lo que los cortos seguiran hasta noticias de fusión por la NOL), irá en cualquier caso al LT. Y ya conocemos a los yankis con sus demandas millonarias creo que la media está en acuerdos sobre un 5-10% de la demanda inicial.

Saludos