ResCap Examiner Gives Court Outline Of Prebankruptcy Probe

Law360, New York (July 30, 2012, 9:56 PM EDT) -- The court-appointed examiner in Residential Capital LLC's bankruptcy on Friday submitted a filing to a New York bankruptcy judge outlining the intended scope of his investigation of transactions the debtor entered into with parent Ally Financial Inc. and others before its bankruptcy.

Arthur J. Gonzalez, formerly chief judge of the Southern District of New York's bankruptcy court and the examiner appointed June 18 in ResCap's case, said in the filing that he will be looking into all material pre-petition transactions and verbal or written agreements between...
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