Three former executives of Washington Mutual Inc. have agreed to settle a civil lawsuit stemming from the biggest-ever U.S. bank failure for less than 10% of the $900 million that was sought by federal regulators, people familiar with the situation told the Wall St Journal
The deal would mark the latest setback for the government in a high-profile, financial-crisis-related case. The lion's share of the payout, which is expected to total less than $75 million, would come from insurers and the bank's estate—not from the pockets of the former executives.
There's more at http://online.wsj.com/article/SB10001424052970204336104577094742161473620.html?mod=WSJ_hp_LEFTTopStories
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