ResCap Examiner's Prebankruptcy Report Delayed Again

Law360, New York (February 7, 2013, 5:21 PM EST) -- As Residential Capital LLC continues to claw its way toward a bankruptcy exit, a report examining the mortgage service provider's controversial prebankruptcy transactions has been delayed until at least May, a court-appointed examiner said at a hearing Thursday.

The examiner, retired U.S. Bankruptcy Judge Arthur J. Gonzalez, said his team will need more time to complete the report after receiving about 2 million more documents than it had expected at the end of January. It's the second time the examiner has requested more time to complete...
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