Lawsuits

Ally's ResCap mortgage unit files for Chapter 11 bankruptcy - Los Angeles Times

05/14/12

said its struggling Residential Capital mortgage subsidiary filed for Chapter 11 bankruptcy early Monday. The filing will help Ally distance itself from litigation-laden ResCap and focus instead on its profitable auto loans and direct banking ...

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Ally mortgage unit files for Chapter 11bankruptcy - Marketwatch

05/14/12

NEW YORK (MarketWatch) -- Ally Financial Inc.'s troubled mortgage subsidiary filed for Chapter 11 bankruptcy early Monday, potentially paving the way for Ally to sever itself from substantial litigation that has been a drag on its other ...

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Talcott Franklin P.C. Recommends Adoption of Settlement Agreement in ResCap Bankruptcy - Yahoo Finance

05/14/12

DALLAS, May 14, 2012 /PRNewswire/ -- Financial crisis litigation boutique Talcott Franklin P.C ... as part of ResCap's pre-arranged bankruptcy filing. The firm intends to work with its clients to direct the Trustees of various ResCap-sponsored ...

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17 Institutional Investors Obtain Agreement From Rescap Debtors To Stipulate To $8.7 Billion Allowed Claim For RMBS Trusts In Rescap Bankruptcy - Yahoo Finance

05/14/12

The decision whether to accept the settlement will be entirely within the relevant trustee's independent judgment as a prudent person; and, The settlement must be approved by the Bankruptcy ... avoid all-consuming litigation, and will assist ...

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The Daily Docket: Ally Puts ResCap Into Bankruptcy - Wall Street Journal

05/14/12

Ally Financial Inc.’s troubled mortgage subsidiary filed for Chapter 11 bankruptcy early Monday, potentially paving the way for Ally to sever itself from substantial litigation that has been a drag on its other operations and prevented it from ...

[more]

Ally Financial's mortgage unit files for bankruptcy - MyFox Chicago

05/14/12

DETROIT -- Ally Financial's troubled mortgage subsidiary filed for Chapter 11 bankruptcy early Monday, potentially paving the way for Ally to sever itself from substantial litigation that has been a drag on other operations and prevented it from repaying ...

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UPDATE: Ally Financial: Rescap Mortgage Subsidiaries File Chapter 11 - NASDAQ

05/14/12

Ally Financial Inc.'s troubled mortgage subsidiary filed for Chapter 11 bankruptcy early Monday, potentially paving the way for Ally to sever itself from substantial litigation that has been a drag on its other operations and prevented it from ...

[more]

Ally Financial: Rescap Mortgage Subsidiaries File Chapter 11 - NASDAQ

05/14/12

Ally Financial Inc.'s troubled mortgage subsidiary filed for Chapter 11 bankruptcy early Monday, potentially paving the way for Ally to sever itself from substantial litigation that has been a drag on its other operations and prevented it from ...

[more]

UPDATE: Ally Financial's ResCap Files Bankruptcy - StreetInsider.com

05/14/12

ResCap, like others in the mortgage industry, has faced continuing industry challenges, rising litigation costs and claims ... The settlements are subject to Bankruptcy Court approval. Given the support of Ally Financial, the debtholders, and other ...

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Understanding Business Bankruptcy Attorney - 1UP.COM

05/14/12

Business Law' called the Commercial Law undertakes your transactions between two organizations including litigation, mergers and acquisitions ... starting a company, or filing for bankruptcy or acquiring a divorce. Getting familiar along with the laws ...

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