ResCap Settles Suit Over Mortgages With $300M Claim
By Maria Chutchian ( August 1, 2013, 4:29 PM EDT) -- A unit of bankrupt Residential Capital LLC on Wednesday sought court approval for a settlement that would end a putative class action brought by mortgage loan borrowers and reduce their $1.9 billion in claims to a $300 million allowed claim against the estate....
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