ResCap's $597M FGIC Deal Scores NY State Judge's Blessing
By Eric Hornbeck ( August 19, 2013, 3:52 PM EDT) -- Bankrupt Residential Capital LLC moved one step closer Friday to cementing a deal with Financial Guaranty Insurance Co. to slash the bond insurer's multibillion-dollar claims to $596.5 million after a New York state judge overseeing the insurer's rehabilitation signed off on it....
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