Milberg LLP and Motley Rice LLC Announce the Proposed Settlement of a Securities Class Action Lawsuit Involving Washington Mutual, Inc. Common Stock Purchased between April 15, 2003 and June 28, 2004, Inclusive

NEW YORK - Friday, February 24th 2012 [ME NewsWire]

-(BUSINESS WIRE)-- In the United States District Court for the Western District of Washington at Seattle, in South Ferry LP #2 v. Kerry K. Killinger, et al., Case No. C04-1599-JCC, a summary notice has been issued as follows:

Summary Notice of Pendency of Class Action, Proposed Settlement and Settlement Hearing

TO:
 

All persons who purchased the common stock of Washington Mutual, Inc. between April 15, 2003 and June 28, 2004, inclusive, and who were damaged thereby (the “Class”).

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the Court, that the above-captioned Action has been certified as a class action and that a Settlement for $41.5 million in cash has been proposed. A hearing will be held before The Honorable John C. Coughenour in the U.S. Courthouse, 700 Stewart Street, Seattle, Washington 98101, at 9:30 a.m., on June 5, 2012 to determine whether the proposed Settlement should be approved by the Court as fair, reasonable, and adequate, and to consider the application of Plaintiffs’ Counsel for attorneys’ fees and reimbursement of expenses.

IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED AND YOU MAY BE ENTITLED TO SHARE IN THE NET SETTLEMENT FUND. If you have not yet received the full printed Notice of Pendency of Class Action and Proposed Settlement, Motion for Attorneys’ Fees, and Settlement Fairness Hearing and a Proof of Claim form, you may obtain copies of these documents by contacting the Claims Administrator:

WaMu 2004 Common Stock Litigation c/o Rust Consulting, Inc., Claims Administrator Post Office Box 2493 Faribault, MN 55021-9193 (877) 310-0495 www.WaMu2004CommonStockLitigation.com

Inquiries, other than requests for the forms of Notice and Proof of Claim, may be made to Plaintiffs’ Co-Lead Counsel: Lori G. Feldman, Milberg LLP, One Penn Plaza, New York, NY 10119-0165, Telephone: (212) 594-5300 or William H. Narwold, Motley Rice LLC, One Corporate Center, 20 Church Street, 17th Floor, Hartford, CT 06103, Telephone: (860) 882-1681.

To participate in the Settlement, you must submit a Proof of Claim no later than July 2, 2012. If you are a Class Member and do not exclude yourself from the Class, you will be permanently bound by the Court’s Final Judgment and Order of Dismissal with Prejudice. To exclude yourself from the Class, you must submit a request for exclusion postmarked no later than May 4, 2012. Any objections to the Settlement must be filed by May 4, 2012. If you are a Class Member and do not submit a proper Proof of Claim, you will not share in the Settlement but you nevertheless will be permanently bound by the Court’s Final Judgment and Order of Dismissal with Prejudice.

Further information may be obtained by contacting the Claims Administrator at (877) 310-0495.

By Order of The United States District Court for the Western District of Washington at Seattle

Contacts

Milberg LLP

Lori G. Feldman, Esq., 212-594-5300

or

Motley Rice LLC

William H. Narwold, Esq., 860-882-1681