IndyMac trustee won't object to revocation of securities registration

By Lisa Kerner

Charlotte, N.C., Jan. 21 - IndyMac Bancorp, Inc.'s Chapter 7 trustee Alfred H. Siegel entered into a settlement with the Securities and Exchange Commission, according to a Friday filing with the U.S. Bankruptcy Court for the Central District of California.

IndyMac has failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder while its securities were registered with the Commission in that it has not filed any periodic reports for any fiscal period subsequent to the period ended March 31, 2008, according to the filing.

The trustee does not object to revoking the registration of the debtor's securities and does not believe that the revocation of those securities' registration is contrary to the interests of the debtor's creditors.

IndyMac, a Pasadena, Calif., bank holding company, filed for bankruptcy on July 31, 2008 in the U.S. Bankruptcy Court for the Central District of California. The Chapter 7 case number is 08-21752.

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