Investors

WaMu creditors seek control of capital call payments

Creditors of bankrupt holding company Washington Mutual Inc., which once owned Washington Mutual Bank, are seeking a court order forcing the company to get written consent from the creditors before funding capital calls.

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Creditors of bankrupt holding company Washington Mutual Inc. want more control over the company’s ability to fund capital calls.

Washington Mutual Inc., which formerly owned Washington Mutual Bank, is attempting to sell its interests in 10 venture capital funds after being penalised for not meeting a $700,000 capital call from one of the funds.