American Home Hits Back At Motion For Stay

Law360, New York (November 5, 2007, 12:00 AM EST) -- Bankrupt lender American Home Mortgage Holdings Inc. asked a judge on Monday not to delay the $500 million sale of its servicing assets to AH Mortgage Acquisition Co., a company owned by investor Wilbur Ross.

In court documents filed with the U.S. Bankruptcy Court for the District of Delaware, American Home took issue with a stay motion brought by DB Structured Products Inc., which is looking to put the asset sale on hold until after a Delaware district court can hear its appeal.

For one thing,...
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