AHM Trustee Takes On Barclays Over $45M Claim

Law360, New York (April 28, 2011, 10:57 PM EDT) -- The trustee for bankrupt mortgage lender American Home Mortgage Holdings Inc. on Thursday accused Barclays Bank PLC of breaching a swap agreement and asked a Delaware judge to reject more than $45 million of the bank's claims.

Trustee Steven Sass launched an adversary proceeding against Barclays and Barclays Capital, objecting to six claims made by the companies during AHM's Chapter 11 proceedings. He also accuses Barclays of breaching a swap agreement that required it to return excess collateral to AHM after any amounts owed by AHM...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.