Law360, New York (September 14, 2012, 4:49 PM ET) -- The Second Circuit on Friday reversed the dismissal of a hedge fund firm's lawsuit seeking payment of interest on a $2 million claim it had bought from a Delphi Automotive Systems Corp. creditor, saying an unresolved objection to the claim triggered a contractual repayment obligation.
In an unprecedential summary order, a three-judge panel vacated and remanded a New York federal judge’s dismissal of the contract dispute between Delphi creditor ATS Automation Tooling Systems Inc. and investment firm Longacre Master Fund Ltd., which had sued to recover...
2nd Circ. Revives $2M Delphi Bankruptcy Claim Suit
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