|
New Cases For the Week of May 26, 2008 - May 20, 2008
Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet
Click here to search prior New Opinion summaries.
| May 27, 2008 |
Case |
Court |
Holding |
American Home Mortgage Investment Corp. v. Lehman Brothers, Inc. et. al.
(DBN Subscription Required) |
Bankr. DE |
Because the transaction in question was a “repurchase agreement” under the the safe harbor provisions of sections 559 and 555 of the Bankruptcy Code, the defendant did not violate the automatic stay imposed by section 362(a) of the Bankruptcy Code when it exercised its rights under an ipso facto clause. |
| |
|
|
|