Law360, New York (September 05, 2007, 12:00 AM ET) -- A software company has denied claims that a fraud lawsuit aimed at former executives and attorneys for New Century Holdings Inc. was a thinly veiled attempt to violate the automatic stay shielding the bankrupt lender.
Already reeling from court-imposed sanctions for what were deemed earlier breaches of the stay, Positive Software Solutions Inc. has come out in defense of calls for a second round of sanctions, arguing the suit has nothing to do with the battered lender.
New Century had successfully argued early last month that...
Software Co. Balks At New Century's Sanctions Call
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