In Re Washington Mutual, Inc.

OPINION 1

MARY F. WALRATH, Bankruptcy Judge.

Before the Court is the question of who is entitled to assets held in trusts created in connection with deferred employee compensation plans established by the predecessor to Washington Mutual, Inc. (“WMI”). For the reasons set forth below, the Court holds that WMI is the owner and entitled to all the funds in the trusts.

I. BACKGROUND

WMI was a savings and loan holding company, which had acquired, inter alia, Home Savings of America, FSB (“Home Savings”) the successor to H.F. Ahmanson & Company (“Ahmanson”). Certain employees of Home Savings and/or…