American Home Bid To Revive Lehman Suit Fails

Law360, New York (July 30, 2009, 5:01 PM EDT) -- A judge has blocked an attempt by bankrupt lender American Home Mortgage Holdings Inc. to appeal a dismissal of a suit against Lehman Brothers Holdings Inc. alleging the defunct investment bank violated an automatic stay by foreclosing on a securities repurchase agreement.

Judge Joseph J. Farnan Jr. issued an opinion Tuesday in the U.S. District court for the District of Delaware asserting that the issues “identified for appeal by American Home do not warrant direct certification.”

According to the opinion, American Home had asked the district...
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