Finkelstein & Krinsk Announces Class Action Lawsuit Against Washington Mutual.

SAN DIEGO -- Investors today (Friday) filed a class action lawsuit against Washington Mutual and its subsidiary companies alleging that it knowingly deceived retail investors by steering them to Washington Mutual's own portfolio of mutual funds which were less attractive than alternative funds.

The complaint alleges that Washington Mutual and its subsidiary companies had an undisclosed "preferred list" of funds, and issued materially misleading disclosures and omissions regarding side agreement (cash and non cash program) designed to improperly incent WM Financial Services and its sales team to favor Washington Mutual's proprietary funds, (the WM Group of Funds) and thereby drive sales, regardless of alternatives for their individual retail investor.

Plaintiff seeks to recover damages on behalf of the putative class members and is represented by the San Diego law firm of Finkelstein & Krinsk LLP, which prosecutes class actions in all state and federal courts throughout the country. Finkelstein & Krinsk is a force behind numerous corporate reforms and has recovered millions of dollars for institutional and individual investors from the United States and around the world.

Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Southern District of California, on behalf of purchasers and sellers of Washington Mutual's proprietary mutual funds, the WM Group of Funds, between at least March 1, 2004, through March 1, 2005, inclusive (the "Class Period") through WM Financial Services acting as broker.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact William Restis, Esq. toll free at 877-493-5366, or via email at [e-mail].

If you are a member of the class described above, you may, no later than May 1, 2007, move the Court to serve as lead plaintiff of the class, if you so choose. A lead plaintiff is a representative part that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Finkelstein & Krinsk, to serve as your counsel in this action.