ResCap Sets Aside $12.3M For Ambac's Sale Challenge

By Brian Mahoney · February 19, 2013, 6:15 PM EST

Residential Capital LLC told a New York bankruptcy court Friday that it had agreed to reserve up to $12.3 million for a potential settlement to satisfy Ambac Assurance Corp.'s objections to...

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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