After Court Order, Objections To AHM Sale Remain

Law360, New York (October 31, 2007, 12:00 AM EDT) -- Bankrupt lender American Home Mortgage Holdings Inc. was one step closer to selling its servicing platform last week, when the bankruptcy court approved the sale, but when the order was entered Tuesday, it met with objections which may draw the process out.

On Tuesday, DB Structured Products Inc. and Assured Guaranty Corp. both asserted objections to the Oct. 23 ruling of Judge Christopher Sontchi of the U.S. Bankruptcy Court for the District of Delaware, which approved the $500 million sale of AHM’s servicing assets to AH...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.