QHL Asks Judge To OK Deal With Hedge Fund

Law360, New York (December 31, 2008, 12:00 AM EST) -- A trustee representing failed subprime lender Quality Home Loans has asked a bankruptcy judge to approve a settlement between several of the company's entities and a hedge fund in order to help complete the restructuring of the company.

Chapter 11 trustee David Gould filed a motion Tuesday in the U.S. Bankruptcy Court for the Central District of California seeking court approval of the agreement, which has been described by the company in court documents as a preferred alternative to litigating cases with the creditors and investors...
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