People's Choice Creditors Seek OK To Go After Execs

Law360, New York (September 7, 2007, 12:00 AM EDT) -- Creditors of People's Choice Home Loan Inc. have asked the bankruptcy court for approval to pursue claims against executives of the defunct mortgage lender on behalf of the estate.

The official committee of unsecured creditors, in a motion filed Thursday in the U.S. Bankruptcy Court for the Central District of California, asked Judge Robert Kwan for authority to take “all actions necessary” against directors and officers.

The committee told Judge Kwan that it would have to take the lead in pursuing action on behalf of the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.