Berkshire Requests Examiner In ResCap Bankruptcy Case

Law360, New York (June 5, 2012, 3:05 PM EDT) -- Berkshire Hathaway Inc. asked a New York bankruptcy judge on Monday to appoint an independent examiner to look into Residential Capital LLC's transactions with parent Ally Financial Inc. and any settlements reached in connection with a Chapter 11 plan it's seeking to confirm on an expedited basis.

Warren Buffett's Berkshire, which holds more than half of ResCap's outstanding unsecured bonds and more than 40 percent of its junior secured bonds, says it agrees with the official committee of unsecured creditors' demand under Rule 2004 of the...
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