Buus, et al. v. WaMu Pension Plan, et al.

Buus, et al. v. WaMu Pension Plan, et al.

You have reached the Buus v. WaMu Pension Plan settlement website. The settlement was approved by the Court on October 29, 2010, and that approval was reflected in a final judgment dismissing the lawsuit with prejudice entered on November 2, 2010. The settlement was also approved by the Bankruptcy Court on October 20, 2010. In addition, the Court approved Lead Counsel’s request for attorneys’ fees and the Named Plaintiffs’ requests for incentive payments. You can access the Court approval orders by clicking on the link for “Case Documents” to the left.

The settlement resolved a class action lawsuit brought by plaintiffs, Gary Buus, Bryan Buck, Sidney John Flor, Kellie Plumb, Thomas Schoenleber, Audrey Schulman, and Margaret Weber, on behalf of themselves and as representatives of a class against the WaMu Pension Plan and the WaMu Pension Plan Administration Committee.

After final approval of the settlement by the Court, the settlement was dependant on Internal Revenue Service approval of a plan amendment implementing the settlement. The Internal Revenue Service approved the plan amendment on December 17, 2010.

On December 15, 2010, the parties submitted a final list of members of the Settlement Class who are entitled to receive a settlement amount to the Court along with a Plan of Allocation setting forth the amount that each person is entitled to receive. Accordingly, the list of Settlement Class members and the amount that each person is to receive is now final and cannot be changed.

If you are on the list of members of the Settlement Class that was filed with the Court on December 15, 2010, you will receive a credit to either your existing cash balance account or a new cash balance account created for you. Pursuant to the terms of the Settlement Agreement, the accounts are to be credited by March 17, 2011.

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Notice to Class Members

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