People's Choice, Merrill Settlement Approved

Law360, New York (December 17, 2007, 12:00 AM EST) -- People's Choice Home Loan Inc. has resolved another dispute in its ongoing Chapter 11 case, after a judge signed off on a settlement between the bankrupt home lender and creditor Merrill Lynch & Co.

In an order handed down on Friday, the U.S. District Court for the Central District of California approved the agreement between the two lenders, bringing an end to a dispute over a mortgage loan contract.

The court order approving the settlement comes just a few weeks after People's Choice filed a stipulation...
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