A Delaware bankruptcy judge has rejected Washington Mutual’s reorganization plan because it gave too much protection to the former executive of the bank. The judge further stated that the way the reorganization plan calls for doling out up to $10 billion in WaMu assets is reasonable. It calls for dividing disputed assets, paying off WaMu’s creditors and ending lawsuits that WaMu, JPMorgan Chase and the Federal Deposit Insurance Corp. filed against one another after WaMu’s collapse.

She also noted that WaMu was attempting to shield the executives from any responsibility for “willful misconduct and gross negligence,” which she said was too extensive.