ResCap Settlement Allowing $1.2B In FHFA Claims OK'd

By David McAfee · November 27, 2013, 8:27 PM EST

A New York bankruptcy judge on Tuesday granted Residential Capital LLC's motion for approval of a settlement agreement between its debtors, former parent Ally Financial Inc. and unsecured creditors, which allows...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Case Information

Case Title

Residential Capital, LLC

Case Number

Court

New York Southern

Nature of Suit

Date Filed

May 14, 2012

Recent Articles By David

October 02, 2014
Split 9th Circ. Rules Fannie Mae Suits Belong in Fed. Court
October 01, 2014
Daimler Frees Moody's, S&P From Bank's $5.9B MBS Suit
October 01, 2014
LA Catholic Diocese Hit With $250M Contract Suit Over Leases
September 30, 2014
Treasury, FHFA Duck Suits Over Fannie, Freddie Profit Sweep
September 24, 2014
US To Pay Navajo $554M In Largest Single-Tribe Settlement
September 09, 2014
Sheppard Mullin Hit With Fraud Suit Over $8M Judgment
September 02, 2014
S&P Escapes False Ratings Suit Over SIV's 2007 Implosion
August 28, 2014
BofA Wants Verdict Scrapped In $1.3B Mortgage Fraud Case
August 14, 2014
Calif. Court Won't Block Approval Of SF's Parkmerced Plan
August 07, 2014
Zuckerberg Agreed To Help RE Developer, Email Says