DALLAS, April 30, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Washington Mutual Inc. (Pink Sheets:WAMUQ). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/ads/WAMUQ
Washington Mutual Inc. (WAMUQ) is a consumer and small business banking company with operations in United States markets. The Company is a savings and loan holding company. It owns two banking subsidiaries, Washington Mutual Bank (WMB) and Washington Mutual Bank fsb (WMBfsb), as well as numerous non-bank subsidiaries. The Company operates in four segments: the Retail Banking Group operates a retail bank network of 2,257 stores in California, Florida, Texas, New York, Washington, Illinois, Oregon, New Jersey, Georgia, Arizona, Colorado, Nevada, Utah, Idaho and Connecticut; the Card Services Group operates a nationwide credit card lending business; the Commercial Group conducts a multi-family and commercial real estate lending business in selected markets; and the Home Loans Group engages in nationwide single-family residential real estate lending, servicing and capital markets activities. In September 2008, it filed for Chapter 11 bankruptcy.
Message Board Search for WAMUQ: http://www.boardcentral.com/boards/WAMUQ
In the report, the analyst notes:
"A bankruptcy judge on Wednesday cleared the way for WAMUQ shareholders to take legal action to force the Company to hold a long overdue annual meeting. Ruling on a motion filed in Delaware by WAMUQ's official committee of equity security holders, Judge Mary Walrath said the automatic halt to litigation that applies to companies in bankruptcy cannot bar shareholders from exercising their corporate governance rights.
"The shareholders want a judge in Washington State to order WMI to hold an annual meeting so that they can elect new board members. The Company hasn't held a shareholders meeting since April 2008, five months before it filed for bankruptcy protection after the largest bank failure in U.S. history."
To read the entire report on WAMUQ visit: www.microstockprofit.com/ads/WAMUQ
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