Kimball Hill Fights Bid To Lift Stay In Ch. 11 Case

Law360, New York (January 9, 2009, 12:00 AM EST) -- Homebuilder Kimball Hill Inc. is fighting a bid to lift the stay in its bankruptcy case so a $90 million settlement can be finalized in a product liability case over faulty plumbing systems allegedly installed in Kimball Hill homes.

A class of homeowners suing the manufacturer and distributor of the plumbing systems had asked the U.S. Bankruptcy Court for the Northern District of Illinois to lift the stay so a Nevada state judge could approve the settlement at a fairness hearing scheduled for Jan. 30....
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