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Kimble Hill Stay Lifted For Claims V. Insurance Cos.

Law360 (February 11, 2009, 12:00 AM EST) -- The judge overseeing homebuilder Kimball Hill Inc.'s Chapter 11 proceedings has lifted the automatic stay to allow the city of Aurora, Ill., to assert claims against Arch Insurance Co. and The Continental Insurance Co. related to construction work the debtors allegedly never completed.

U.S. Bankruptcy Judge Susan Pierson Sonderby of the U.S. District Court for the Northern District of Illinois signed off on an order on Tuesday granting Aurora's Jan. 27 bid for relief from the automatic stay.

Before Kimball Hill filed for bankruptcy on April...
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