Analysts are worried that Washington Mutual will be the next financial giant to fail, after its stock plunged to about $2 per share Monday and two of the three major ratings agencies downgraded it to junk status. Naturally, it got The Am Law Daily thinking about which litigation departments stand to lose the most if WaMu collapses. Sadly, given everything else that's going on there, Heller Ehrman is near the top of the list, having handled 24 matters for the bank since 2003.
If WaMu Falls Next, Which Firms Lose?
The American Lawyer
September 17, 2008