2nd Circ. Revives $2M Delphi Bankruptcy Claim Suit

Law360, New York (September 14, 2012, 4:49 PM EDT) -- The Second Circuit on Friday reversed the dismissal of a hedge fund firm's lawsuit seeking payment of interest on a $2 million claim it had bought from a Delphi Automotive Systems Corp. creditor, saying an unresolved objection to the claim triggered a contractual repayment obligation.

In an unprecedential summary order, a three-judge panel vacated and remanded a New York federal judge’s dismissal of the contract dispute between Delphi creditor ATS Automation Tooling Systems Inc. and investment firm Longacre Master Fund Ltd., which had sued to recover...
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