AHM Hires Firm Over Trustee's Protests, Settles Suit

Law360 (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...
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