WaMu Noteholders Appeal Judge's Decision to Reject Reorganization Proposal

"The noteholders, four hedge funds that helped negotiate the plan, also seek to reverse a decision by U.S. Bankruptcy Judge Mary Walrath in Wilmington, Delaware, that may force them to face a lawsuit accusing them of insider trading. The hedge funds filed papers yesterday asking Walrath to allow their appeals to go forward while they attend court-ordered mediation."