* Delaware bankruptcy judge rules that FDIC, as receiver for Washington Mutual Bank, may intervene in adversary proceeding involving JPMorgan
* Judge Mary Walrath grants stay of adversary proceeding, JPMorgan Chase Bank v. Washington Mutual Inc et al, pending entry of judgment in similar case in Washington DC district court
* Judge says FDIC's motion was timely, and that the regulator has an interest in the adversary proceeding
* FDIC had asserted adversary proceeding would impinge its rights under FIRREA (Financial Institutions, Reform, Recovery and Enforcement Act) related to government intervention into failing thrifts
* Judge says FDIC's interest in protecting reach of FIRREA may not be adequately protected by JPMorgan
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