Deephaven Capital Management

SEATTLE, Feb. 3, 2012 /PRNewswire/ -- The Official Committee of Equity Security Holders (the "Equity Committee") of Washington Mutual, Inc. (Pink Sheets: WAMUQ.PK) ("WMI") announced the names of its four nominees to the Board of Directors for the reorganized Washington Mutual Inc. ("Reorganized WMI"). Reorganized WMI will emerge from bankruptcy if the currently proposed plan of reorganization (the "Seventh Amended Plan") is confirmed by the Bankruptcy Court.  A hearing on the Seventh Amended Plan is currently scheduled to commence on February 16, 2012 at 9:30 a.m.  The fifth member of the Board of Directors of Reorganized WMI will be nominated by lenders in a $125 million credit facility that will be made available to Reorganized WMI. James Scott, a member of the Equity Committee, said, "We were pleased to see many quality candidates make themselves available to the board of directors for Reorganized WMI.  We are particularly pleased with the four we ...