ResCap Gets $2.1B From Ally To Settle Creditor Claims

By Lance Duroni · May 23, 2013, 1:48 PM EDT

Ally Financial Inc. will pay $2.1 billion to win peace with creditors of its former mortgage subsidiary, bankrupt Residential Capital LLC, nearly triple the auto lender's original settlement offer, according 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