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Violations Of ERISA

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Bad Consolidation Credit Debt Washington Mutual, Inc. learned Friday that it was being investigated by a New York law firm for possible ERISA violations.

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Bad Car Credit Loan July 24, 2004 (AXcess News) Seattle WA - With numerous class action lawsuits already hanging over its boardroom for securities violations under the 1934 Securities Act, Washington Mutual, Inc. (NYSE: WM), learned Friday that it was being investigated by a New York law firm for possible ERISA violations.

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Bad Credit Loan Mortgage Net income for the 2nd quarter was $864,100, or $0.25 per diluted share. Year-to-date net income through the 2nd quarter was $1,750,800, or $0.54 per diluted share. This is an increase of 47% and 40% over last year's quarterly and year-to-date net income of $588,100 and $1,253,000, respectively.

Auto Bad Credit Loan The investigation focuses on whether the Company and certain Plan administrators breached their fiduciary duties. Wechsler Harwood LLP, the New York law firm that is investigating Washington Mutual, said in an announcement released Friday that the Company may have negligently misrepresented and failed to disclose material facts, in addition to the purchase of Washington Mutual shares by they Plan when it may not have been prudent to do so.

Bad Credit Mortgage Refinance According to Wechsler Harwood LLP, since April 15, 2003, Washinton Mutual purportedly had issued false and misleading information concerning its ability to hedge against a rise in interest rates.On June 29, 2004, Washinton Mutual stunned the market with its announcement that earnings for 2004 would be substantially less as a result of rising interest rates and the resultant effect on the Company's mortgage business. Shares of Washington Mutual stock declined precipitously in the wake of this disclosure, losing nearly $5 billion in market capitalization, or nearly 12% in value.Advertisement

Bad Credit Refinance On Friday, shares of Washington Mutual (NYSE: WM) closed down 24 cents, or 0.61 percent, to finish the week at $38.86.

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