Washington Mutual Stock Option Agreement Released by Legal Insider
The Stock Option Agreement for Washington Mutual, the financial and mortgage bank that recently failed and was acquired by JP Morgan Chase was made available today by online legal document provider RealDealDocs.com.
The latest of the Wall Street stock market casualties, Washington Mutual drafted a stock option agreement in February of this year. Presumably caused by Washington Mutual’s indulgence of sub prime loans and a ten day run on the bank after the Wall Street stock market crash, the FDIC seized the company and then sold it to JP Morgan Chase. The failure and acquisition transaction have left shareholders on the sidelines with nothing to show. A copy of this Stock Option Agreement is available in its entirety on the RealDealDocs.com website.
A Stock Option Agreement is a legal document stating that for a specific deposit amount an individual has first rights to make a purchase such as for stock or real property within a certain period of time.
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