American Home Settles Several Pending Lawsuits

Law360, New York (December 3, 2007, 12:00 AM EST) -- Bankrupt lender American Home Mortgage Holdings Inc. has asked the bankruptcy court to approve seven settlement agreements that will put to rest several pending pre-petition disputes.

On Friday, AHM filed a notice of the settlement agreements with the U.S. Bankruptcy Court for the District of Delaware, revealing that if the agreements are approved by the court, the debtors’ estate will receive over $500,000 from parties AHM sued before filing for Chapter 11 in August.

The largest settlement is to come from United General Mortgage Corp., which...
To view the full article, register now.