Trustee Wants Examiner, Not Allen & Overy, For AHM

Law360 (October 30, 2007, 12:00 AM EDT) -- A U.S. trustee asked the Delaware bankruptcy court Monday to appoint an examiner to look into suggestions of possible fraud at American Home Mortgage Holdings Inc. and to reject Allen & Overy LLP's application to counsel the fallen lender, saying the firm is marred by potential conflicts of interest.

Kelly Beaudin Stapleton said she needed more information from Allen & Overy before she would sign off on its application to provide special regulatory, securities and class action litigation counsel.

Allen & Overy represents Citibank in some...
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.