The lingering mortgage crisis has finally reached the bankruptcy courts in a substantial way with ... ResCap has been caught in the vice of litigation brought by both homeowners and mortgage-backed securities investors. And their funding is ...
The lingering mortgage crisis has finally reached the bankruptcy courts in a substantial way with ... ResCap has been caught in the vice of litigation brought by both homeowners and mortgage-backed securities investors. And their funding is ...
The payment to Residential Capital as part of the bankruptcy plan insulated Detroit-based Ally from the costs of drawn-out litigation and damage to its bond prices, CEO Michael Carpenter said today during a conference call with analysts.
told the Wall Street Journal the firm is winding down but not planning to file for Chapter 11 bankruptcy. Crowell & Moring Adds Two Litigation Partners in New York Crowell & Moring LLP added two litigation partners to its New York office.
The mortgage unit, Residential Capital, filed for Chapter 11 bankruptcy Monday in Manhattan, paving the way for Ally to potentially rid itself of costly litigation and accelerate its repayment of a government bailout that topped $17 billion.
told the Wall Street Journal the firm is winding down but not planning to file for Chapter 11 bankruptcy. Crowell & Moring Adds Two Litigation Partners in New York Crowell & Moring LLP added two litigation partners to its New York office.
ResCap filed for bankruptcy protection 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 repaying the remainder of its government bailout.
MP3tunes, a music locker service that has spent years locked in litigation with major record labels ... "four and a half years of legal torment" forced his company to file for bankruptcy on April 27. The filing is only the latest development in a decade ...
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 ...
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 ...
