Judge Nixes Investor Appeal In Mortgages Ltd. Ch. 11

Law360, New York (February 2, 2011, 6:16 PM EST) -- A federal judge has thrown out a bankruptcy appeal lodged by investors who challenged settlements reached by ML Manager LLC, which is the loan manager of bankrupt Mortgages Ltd., and a group of borrowers.

Judge Mary H. Murguia ruled that the appeal by the entity Rev Op Group and Sternberg Enterprises Profit Sharing Plan was moot because the investors had failed to seek a stay of the order approving the global settlements in bankruptcy court, according to the judge's decision, filed Monday in the U.S. District...
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