Carney Shegerian Addresses WaMu’s Misleading
of Employees and Shareholders
April 20, 2010 11:03 AM Eastern Daylight Time
LOS ANGELES--(EON: Enhanced Online News)--Carney R. Shegerian, an employee rights attorney and founder
of Shegerian & Associates, a Santa Monica-based litigation law firm representing employees, advises employees of
the unlawful practices of Washington Mutual Bank (commonly known as WaMu) management and executives.
Recently, the Los Angeles Times reported that five years prior to the collapse of Washington Mutual Bank serious
problems were uncovered by federal bank examiners. “The lack of action, exacerbated by a turf battle between
agencies, allowed the bank's shoddy lending practices and risky bets on subprime mortgages to continue until just
months before its failure,” reported the Los Angeles Times.
“Many employees were forced to coerce to the unlawful practices and shoddy lending with fear of termination if they
did not engage in these practices,” states Shegerian who is representing three former Washington Mutual Bank
employees in their whistleblower cases.
“WaMu pressured our good employees to sell their toxic loans to the public. Not only did these employees get
retaliated against and pushed out when they refused to follow the illegal directives, their good names were totally
soiled for having been employed by WaMu. Seemingly overnight, WaMu destroyed their professions,” Shegerian
explains.
An experienced trial attorney, Shegerian has tried many jury trials to verdict in both state and federal court, always
representing individuals that have suffered financial or emotional losses and have been wronged by employers,
including major corporations. Shegerian has built a remarkable career on helping those who have been wronged in
the workplace. He remains undefeated in federal jury trials and has won 14 seven figure verdicts representing
employees.
Located in the City of Santa Monica, Shegerian & Associates is a law firm specifically focused on protecting