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Securities Litigation Website


On January 16, 2014, pursuant to the Order For Distribution of Class Settlement Fund and Reimbursement of Plaintiffs' Counsel's Expenses ("the Distribution Order"), payments were made to all Authorized Claimants who were eligible to receive a payment of at least $10.00 from the distribution. Pursuant to the Distribution Order, Authorized Claimants whose distribution amounts were less than the $10.00 payment threshold will not receive a payment from the distribution.
 

The In re Washington Mutual Mortgage Backed Securities Litigation Settlement resolves class action litigation over whether WaMu Capital Corp., WaMu Asset Acceptance Corp. and certain of their current and former officers and directors (David Beck, Diane Novak, Rolland Jurgens and Richard Careaga) issued or signed false or misleading registration statements or prospectus supplements in connection with the offerings of the Certificates (the “Action”). In this Action, the Court appointed Lead Plaintiff Policemen’s Annuity and Benefit Fund of the City of Chicago, Lead Plaintiff Doral Bank Puerto Rico and Plaintiff Boilermakers National Annuity Trust to serve as "Lead Plaintiff", and has decided that the law firms of Cohen Milstein Sellers & Toll PLLC and Scott + Scott LLP (“Lead Counsel”) to serve as Lead Counsel in the Action.

The Defendants have agreed to pay $26 million in cash into the Settlement Fund. The balance of this fund, after payment of Court-approved attorneys’ fees and expenses, taxes, and the costs of claims administration, including the costs of printing and mailing this Notice and the cost of publishing newspaper notice (the “Net Settlement Fund”), will be divided among all Class Members who submit valid Claim Forms.

IF YOU PURCHASED OR OTHERWISE ACQUIRED ANY OF THE FOLLOWING SECURITIES (“CERTIFICATES”) ON OR BEFORE AUGUST 1, 2008, YOU COULD RECEIVE A PAYMENT FROM A CLASS ACTION SETTLEMENT, AND YOUR RIGHTS WILL BE AFFECTED BY IT.


THE INCLUDED CERTIFICATES ARE:

Series Tranche CUSIP
WAMU 2006 - AR7 2A 93363CAB5
WAMU 2006 - AR17 1A 92925DAA8
WAMU 2006 - AR18 2A1 933637AC4
WAMU 2006 - AR12 1A1 93363NAA3
WAMU 2006 - AR16 3B1 92925GAP8
WAMU 2006 - AR16 3B2 92925GAQ6
WAMU 2006 - AR16 3B3 92925GAR4
WAMU 2006 - AR16 LB1 92925GAL7
WAMU 2006 - AR16 LB2 92925GAM5
WAMU 2006 - AR16 LB3 92925GAN3
WAMU 2006 - AR16 2A1 92925GAC7
WAMU 2007 - HY1 3A3 92925VAK6
WAMU 2007 - HY1 1A1 92925VAA8

Please be sure to review the Notice to fully understand your rights.


Deadlines:

  • Submit Claim: Postmarked no later than March 18, 2013
  • File Objection: Received no later than December 28, 2012
  • Court Hearing on Fairness of Settlement: January 11, 2013