Case Page

 

Case Status:    SETTLED
On or around 12/14/2013 (Other)

Filing Date: January 12, 2009

According to a press release dated January 14, 2009, a lawsuit was filed on behalf of all purchasers of WaMu Mortgage Pass-Through Certificates who purchased said certificates pursuant or traceable to the common Registration Statement filed with the Securities and Exchange Commission on December 30, 2005. The lawsuit asserts claims under Sections 11, 12 and 15 of the Securities Act of 1933. The complaint alleges that defendants made material misstatements and omissions in connection with the offerings regarding the collateral underlying the certificates.

On May 9, 2009, an Order Denying Defendants’ Motion To Consolidate was denied by the court.

On August 14, 2009, the Court consolidated all three into a single action under case number C09-0037MJP. The Court further directs parties to file motions for appointment of lead plaintiff and lead counsel no later than September 4, 2009.

On October 23, 2009, a Minute Order memorialized oral argument on the Plaintiffs’ pending motions for appointment of lead plaintiff and lead counsel.

On November 20, 2009, an Amended Complaint against defendant(s) all defendants with Jury Demand, filed by Policeman's Annuity and Benefit Fund of the City of Chicago.

On December 31, 2009, an amended complaint against the defendants was filed with the court.

On December 31, 2009, in accordance with Federal Rule of Civil Procedure 41(a)(1)(A), Plaintiffs dismissed the Federal Deposit Insurance Corporation as Receiver in the action. This dismissal was without prejudice. No claims against the other defendants are dismissed.

On March 24, 2010, the Court consolidated both cases into a single action under the case number. All future filings should be entered under the Boilermakers case number: C09-0037MJP.

On April 01, 2010, a second amended complaint against all defendants was filed with a jury demand.

On September 10, 2011, the Court issued an order granting in part and denying in part the defendant's motion to dismiss.

On October 21, 2011, the Court issued an Order granting Defendant's Motion for Judgment on the Pleadings, thereby dismisses all claims beyond the thirteen tranches in which the named Plaintiffs purchased the subject securities. Subsequently, the Court granted Plaintiffs motion to certify class, appointed the Lead Plaintiff, and approved the Lead Counsel.

On January 26, 2012, a Stipulation, Agreed Motion and Order Modifying and Correcting Order On Class Certification was issued by the Court.

On July 23, 2012, the Court issued an Order denying the defendants' motion for summary judgment.

On January 11, 2013, the Court issued an Order awarding attorneys' fees and expenses. On the same day, the Court followed with an Order and Final Judgment, closing this case.

COMPANY INFORMATION:

Sector: Financial
Industry: Investment Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol:
Company Market: OTC-BB
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: W.D. Washington
DOCKET #: 09-CV-0037
JUDGE: Hon. Marsha J. Pechman
DATE FILED: 01/12/2009
CLASS PERIOD START: 12/30/2005
CLASS PERIOD END: 11/01/2007
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Hagens Berman Sobol Shapiro LLP (Seattle)
    1301 Fifth Avenue, Suite 2900, Hagens Berman Sobol Shapiro LLP (Seattle), WA 98101
    206-623-7292 206-623-0594 · info@hagens-berman.com
  2. Schoengold Sporn Laitman & Lometti PC
    19 Fulton Street, Suite 406, Schoengold Sporn Laitman & Lometti PC, NY 10038
    212.964.0046 212.267-8137 · shareholderrelations@spornlaw.com
No Document Title Filing Date
COURT: W.D. Washington
DOCKET #: 09-CV-00037
JUDGE: Hon. Marsha J. Pechman
DATE FILED: 11/23/2009
CLASS PERIOD START: 12/30/2005
CLASS PERIOD END: 11/01/2007
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Cohen Milstein Sellers & Toll PLLC (New York)
    88 Pine Street, 14th Floor, Cohen Milstein Sellers & Toll PLLC (New York), NY 10022
    212.838.7797 212.838.7797 ·
  2. Cohen Milstein Sellers & Toll PLLC (Washington DC)
    1100 New York Avenue, N.W., Suite 500, West Tower, Cohen Milstein Sellers & Toll PLLC (Washington DC), DC 20005
    202.408.4600 202.408.4600 ·
  3. Scott & Scott LLP (New York-former)
    29th West 57th Street, 14th Floor, Scott & Scott LLP (New York-former), NY 10019
    212.223.6444 212.223.6334 · scottlaw@scott-scott.com
  4. Scott & Scott LLP (San Diego)
    600 B Street, Suite 1500, Scott & Scott LLP (San Diego), CA 92101
    619.233.4565 619.233.4565 · scottlaw@scott-scott.com
  5. Tousley Brain Stephens PLLC
    1700 Seventh Avenue, Suite 2200 , Tousley Brain Stephens PLLC, WA 98101
    206.682.5600 206.682.5600 · contact@tousley.com
No Document Title Filing Date
No Document Title Filing Date