Zurich Balks At Lifting Stay In WL Homes Ch. 7

Law360, New York (July 12, 2011, 1:33 PM EDT) -- Zurich American Insurance Co. objected Monday to a move by a group of residential builders to get relief from the automatic stay in the Chapter 7 case of WL Homes LLC in Delaware bankruptcy court.

The builders, who were subdevelopers for the Sunrise Ridge residential development in Nevada, were sued along with WL Homes in 2010 by homeowners over alleged defects in Sunrise’s sewer system. The subdevelopers, led by U.S. Home Corp., asked the bankruptcy court on June 27 to lift the stay so that they...
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