Alston & Bird Settles Fight Over HomeBanc Fees

Law360, New York (March 7, 2011, 8:24 PM EST) -- Alston & Bird LLP on Monday settled a lawsuit in Delaware brought by the Chapter 7 trustee for HomeBanc Mortgage Corp., parting with $100,000 to settle a fight over fees the lender paid in the lead-up to its bankruptcy filing.

Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware approved the settlement, wrapping up the trustee’s adversary proceeding to recover hundreds of thousands of dollars in payments Alston & Bird allegedly pocketed while HomeBanc was insolvent.

Alston & Bird racked up...
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