Barclays' $8M Suit On Hold As Ex-Soccer CEO Seeks Ch. 15

Law360, New York (November 14, 2012, 5:19 PM EST) -- A New York state judge on Wednesday postponed Barclays Bank PLC's attempts to collect on an $8 million loan it made to a British property developer and professional soccer executive, giving him time to pursue possible bankruptcy protection.

Judge Barbara R. Kapnick said during a hearing that she had put the case off for another month while U.S. Bankruptcy Judge James M. Peck considers a Chapter 15 bankruptcy petition from Paul Kemsley, a former CEO of the revived New York Cosmos soccer franchise and former vice...
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