1st-Day Motions Approved In AmTrust Ch. 11

Law360, New York (December 8, 2009, 7:12 PM EST) -- Financial holding company AmTrust Financial Corp. received court approval Tuesday to continue to pay wages, use its cash management system and access cash collateral as it wends its way through Chapter 11 proceedings.

Following a hearing Thursday, Judge Pat E. Morgenstern-Clarren of the U.S. Bankruptcy Court for the Northern District of Ohio handed down a series of rulings giving her blessing to the first-day motions.

AmTrust will be able to pay wages, salaries and benefits programs to its employees, as well as use its cash collateral...
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