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Feb 19, 2012 
Washington Mutual Inc. won court approval for a $7 billion reorganization plan that resolves some legal claims related to the biggest U.S. bank to fail.
Creditors may be paid the first chunk of money as early as March 8 once a deadline passes for shareholders to decide whether they will waive their right to sue over the collapse of WaMu’s former bank, said Fred Hodara, a lawyer for the creditors’ committee.
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