Bloomberg – A group of Washington Mutual Inc’s creditors, including Black Horse Capital, is seeking to join a probe of four hedge funds accused of using confidential data to trade in the debt of the bankrupt former bank holding company.
Lonestar Capital Management LLC, Greywolf Capital Management LP and other holders of WaMu’s trust preferred securities asked the judge overseeing the company’s bankruptcy to force the four hedge funds to turn over trading-related documents. U.S. Bankruptcy Judge Mary Walrath has already agreed to let a committee representing common and preferred shareholders question the hedge funds under oath and request documents.
