ResCap Attacks Bondholders' Challenge To Discovery Rules

Law360, New York (August 29, 2013, 7:33 PM EDT) -- Residential Capital LLC on Thursday slammed efforts by a group of junior secured noteholders to ease the discovery process tied to the bankrupt mortgage servicer’s Chapter 11 plan, saying they are trying to disrupt and delay the proceedings.

In a court filing, ResCap says the ad hoc group of junior secured noteholders have objected to their proposed requirement that there must be a good-faith showing for any discovery requested beyond the 14 million pages of documents it says it has already produced. But there is nothing...
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