AHM Hires Firm Over Trustee's Protests, Settles Suit

Law360, New York (November 1, 2007, 12:00 AM EDT) -- American Home Mortgage Holdings Inc. fended off two challenges in its bankruptcy Wednesday, getting the go-ahead to hire Allen & Overy LLP as counsel despite protests from a U.S. trustee, and striking a deal with Bear Stearns Mortgage Corp. and EMC Mortgage Corp. to settle their adversary suit.

When he ruled on the debtor's request to hire the London-based firm as its securities class action counsel, Judge Christopher Sontchi said that, based on the firm's application, he was satisfied that the firm was a disinterested party...
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.