ResCap Creditors Fight CFO Testimony In RMBS Trial

Law360, New York (May 06, 2013, 10:09 PM ET) -- Unsecured creditors of mortgage servicer Residential Capital LLC on Monday urged the New York bankruptcy judge overseeing its Chapter 11 proceedings to bar its chief financial officer from testifying at an upcoming trial over a $9 billion residential mortgage-backed securities deal.

The official committee of unsecured creditors claims the announcement of CFO James Whitlinger as a so-called rebuttal witness for the trial was not only submitted well past the deadline for such testimony, but is not in fact a “rebuttal” at all.

The trial, which has...
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