ResCap Urges 2nd Circ. To Block Feds' Suit
ResCap’s affiliates should be protected by an automatic stay on litigation that occurs when a company enters bankruptcy, a lawyer for the company told a panel of judges in oral arguments.
Instead, a court allowed a government suit against nonbankrupt affiliates to go forward, which has the potential of hurting the still-restructuring ResCap, Deanne...
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