Mortgage Lenders Gets More Time To Sue RBS

Law360, New York (April 7, 2009, 12:00 AM EDT) -- A judge overseeing the Chapter 11 proceedings of Mortgage Lenders Network USA Inc. has agreed to give the bankrupt home lender three more months to sue a commercial lending unit of the Royal Bank of Scotland Group PLC to recover alleged fraudulent transfers and overpaid interest.

In an order signed Friday in the U.S. District Court for the District of Delaware, Judge Christopher S. Sontchi approved a stipulation to extend the statute of limitations to June 5 for MLN to bring an action against Greenwich Capital...
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