ResCap Gets Green Light For $597M Settlement With FGIC

By Richard Vanderford · September 13, 2013, 8:28 PM EDT

A New York bankruptcy judge on Friday approved a settlement between Residential Capital LLC and Financial Guaranty Insurance Co. that slashes the bond insurer's multibillion-dollar claims against bankrupt ResCap to $596.5...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Decision

Case Information

Case Title

Residential Capital, LLC

Case Number

Court

New York Southern

Nature of Suit

Date Filed

May 14, 2012

Recent Articles By Richard

January 28, 2014
Goldman Sachs Can't Force MBS Dispute To Arbitration
January 28, 2014
UBS Analyst's Whistleblower Claims Sent To Arbitration
January 08, 2014
WMC Can't Dodge Freddie Suit Over $1B Mortgage Pool
December 05, 2013
$1M Fine Against BofA May Be Too Low, Judge Says
November 22, 2013
Credit Suisse Criticized As Banker Gets 30 Month Sentence
October 15, 2013
Ex-Countrywide Exec Denies Cheating Fannie And Freddie
October 04, 2013
States Push To Fight S&P MBS Ratings Case On Home Turf
October 02, 2013
BNP Paribas Seeks To Amend Claims In $1.6B MBS Brawl
September 27, 2013
LinkedIn Search Nearly Upends BofA Mortgage Fraud Trial
September 24, 2013
Feds Say Countrywide Hawked Bad Loans To Fannie, Freddie