Credit Union Board Backs ResCap's Request For Mediator

Law360, New York (December 17, 2012, 4:43 PM EST) -- Another voice has lent itself to the clamor of support for the appointment of a mediator in Residential Capital LLC's bankruptcy, with the National Credit Union Administration Board joining AIG Asset Management (U.S.) LLC and others Monday in backing the debtor's mediator request.

The NCUAB, which is acting as liquidating agent for Western Corp. Federal Credit Union and U.S. Central Federal Credit Union and holds about $300 million in fraud and other claims in the case, says it supports the response AIG, Allstate Insurance Co., Massachusetts...
To view the full article, register now.