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...
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