Law360, New York (November 05, 2009) -- The Federal Deposit Insurance Corp. has asked a bankruptcy court to modify the automatic stay for Washington Mutual Inc. to allow the agency — the receiver for WaMu's banking unit — to compel JPMorgan Chase & Co. to turn over roughly $4 billion in deposits while the three figure out to whom the money belongs.
The motion — filed Wednesday in the U.S. Bankruptcy Court for the District of Delaware — argues that the sales agreement between the FDIC and JPMorgan that sent the troubled...
