AHM, Credit Suisse Settle Adversary Proceeding

Law360, New York (November 19, 2007, 12:00 AM EST) -- Bankrupt lender American Home Mortgage Holdings Inc. has asked the bankruptcy court to approve a settlement agreement with Credit Suisse First Boston Mortgage Capital LLC, which would put to rest a pending adversary proceeding between the two companies.

In a motion filed Friday in the U.S. Bankruptcy Court for the District of Delaware, AHM said the proposed global settlement agreement negotiated with CS Mortgage would put to rest costly and lengthy litigation and would be in the best interest of the debtors’ creditors.

CS Mortgage had...
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.