ResCap Wants Strook Partner For Chief Restructuring Role

Law360, New York (February 12, 2013, 2:00 PM EST) -- Residential Capital LLC asked a New York federal bankruptcy judge on Monday for permission to appoint Stroock & Stroock & Lavan LLP partner Lewis Kruger as the bankruptcy's chief restructuring officer, in part to address creditor tensions over a $750 million settlement with parent company Ally Financial Inc.

Kruger would spearhead the Chapter 11 plan process and assist ResCap's management in mediating plan issues, with the ultimate goal of reaching a consensual plan in a bankruptcy that has been mired by stakeholder conflicts, ResCap said in a...
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