Accredited Bought By Debt Buyer Lone Star Funds

Written June 5, 2007 by Jay Fleischman, New York Bankruptcy Lawyer

Accredited Home Lenders Holding Co., a nationwide mortgage company specializing in non-prime residential mortgage loans, and Lone Star Fund V (U.S.) L.P., through its affiliate Lone Star U.S. Acquisitions, LLC (”Lone Star”), announced on June 4, 2007 that they have entered into a definitive merger agreement pursuant to which Lone Star has agreed to acquire all of the common stock of the Company in an all-cash transaction.

Lone Star is a leading U.S. private equity firm that last year purchased B-Line LLC, a prime offender in the world of filing faulty proofs of claim.

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