Aegis Says Ex-CEO's Suit Will Hurt Chapter 11 Case

Law360, New York (September 18, 2007, 12:00 AM EDT) -- Bankrupt lender Aegis Mortgage Corp. wants to halt a pending employment lawsuit filed against the company and its hedge fund owner by Aegis’ founder and former chief executive, claiming the suit could hurt its Chapter 11 case.

In an adversary case complaint filed Monday in the U.S. Bankruptcy Court for the District of Delaware, Aegis asked for an injunction against D. Richard Thompson, who filed suit in Texas state court in May. In the alternative, the bankrupt lender has asked that the automatic stay be extended...
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