Ally Settles Feds' Mortgage Suits, Records $170M Charge

By Kurt Orzeck · October 29, 2013, 10:46 PM EDT

Ally Financial Inc., former parent of bankrupt Residential Capital LLC, announced Tuesday that it will record a $170 million charge in the third quarter after settling federal regulators' New York litigation...

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Case Information

Case Title

Residential Capital, LLC

Case Number

1:12-bk-12020

Court

New York Southern

Nature of Suit

Date Filed

May 14, 2012