Tag Archives: Ally

U.S. Treasury denies allowing ‘excessive’ executive pay at GM, Ally

By Paul Lienert and Bernie Woodall

DETROIT, Sept 24
Wed Sep 24, 2014 12:00pm EDT

DETROIT, Sept 24 (Reuters) – The U.S. Treasury last year
permitted top executives at General Motors Co and Ally
Financial Inc to collect “excessive pay” while those
companies were part of a taxpayer-funded government

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FHFA can sue Ally despite ResCap bankruptcy, judge rules

Mon Aug 12, 2013 5:44pm EDT

* Automatic stay in bankruptcy cannot be invoked

* FHFA sued Ally over $6 bln securities sold to Freddie Mac

Aug 12 (Reuters) – The Federal Housing Finance Agency may pursue a fraud lawsuit against Ally Financial Inc even though Ally’s Residential Capital

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ResCap Bankruptcy Exit to Halt Am Law Firms’ Fee Feast

When Residential Capital LLC, once the fifth-largest mortgage servicer in the U.S., filed a plan of reorganization Thursday that called for unsecured creditors to recover 36.3 cents per dollar owed, the company moved a giant step closer to exiting bankruptcy.But for the dozen-plus law firms and hundreds of lawyers

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Ally’s ResCap unit files bankruptcy plan

* Aug. 21 hearing to approve disclosure statement

* ResCap sought Chapter 11 as mortgage liabilities grew

By Jonathan Stempel

July 5 (Reuters) – Residential Capital LLC, the mortgage lending unit of U.S. government-owned Ally Financial Inc , has filed a bankruptcy reorganization plan that calls for unsecured creditors

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UPDATE 2-Ally’s $2.1 bln payment to ResCap gets court’s OK

Wed Jun 26, 2013 6:09pm EDT

* ResCap had “unreasonably” small amount of capital -report

* ResCap still needs formal plan to exit bankruptcy

* Ally still owes U.S. $10 bln on $17 bln bailout loan

By Nick Brown

NEW YORK, June 26 (Reuters) – A bankruptcy judge on

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BRIEF-Bankruptcy judge approves Residential Capital’s $2.1 bln settlement with Ally Financial

Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to

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Ally’s $2.1 bln payment to ResCap gets court approval

NEW YORK, June 26 | Wed Jun 26, 2013 1:16pm EDT
NEW YORK, June 26 (Reuters) – A bankruptcy judge on Wednesday approved a settlement in which the U.S. government-owned Ally Financial Inc will pay $2.1 billion to its bankrupt Residential Capital LLC unit.Judge Martin Glenn also said he

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Ally Makes Peace with ResCap, Creditors for $2.1 Billion

Copyright 2013.ALM Media Properties, LLC. All rights reserved.

Originally posted here: Ally Makes Peace with ResCap, Creditors for $2.1 Billion

weight loss tips

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Ally settlement may be a boon for ResCap bondholders

Thu May 23, 2013 5:52pm EDT

* Paulson, hedge funds will likely make profit on settlement

* MBIA, FGIC to recoup about $1 billion

* Ally to contribute $2.1 billion to ResCap creditors

By Nick Brown

NEW YORK, May 23 (Reuters) – While bond insurers MBIA Inc and FGIC

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UPDATE 2-Ally to pay $2.1 bln to settle claims tied to ResCap

Thu May 23, 2013 1:24pm EDT

* Ally expects 2nd-qtr charge of $1.55 bln

* MBIA to have unsecured claims of $3.6 bln

* RMBS investors’ claims reduced to $7.3 bln from $8.7 bln

By Tom Hals

May 23 (Reuters) – Ally Financial Inc agreed on Thursday to pay

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Possible Lawsuit: Blood Thinner Brilinta Under Investigation

October 22 2014Los Angeles, CA: AstraZeneca is facing a lawsuit brought by scientists who allege
consumer fraud on the part of the pharmaceutical company, specifically that it fudged the data in its late stage study of the blood thinner Brilinta. The allegations have led to a federal probe into

Possible Lawsuit: 11,640 Boxes of Assured Brand Naproxen Sodium Tablets Recalled

October 22 2014Los Angeles, CA: Contract Packaging Resources, a drug repackaging company, is voluntarily recalling 11,640 boxes of Assured brand Naproxen Sodium tablets because some cartons actually contain bottles of Ibuprofen, a different pain reliever. The affected products are: boxes of Assured brand Naproxen Sodium Tablets 220mg, 15 count

GT Advanced lawyer says close to deal with Apple on secrecy

By Nick Brown

Tue Oct 21, 2014 11:31am EDT

Oct 21 (Reuters) – A lawyer for Apple supplier GT
Advanced Technologies Inc told a bankruptcy court on
Tuesday the specialty glass maker was near a settlement with
the iPhone maker over access to information.
Scant information has emerged since

Judge wants settlements, loan, fees in Detroit’s closing arguments

By Karen Pierog

DETROIT
Tue Oct 21, 2014 11:46am EDT

DETROIT Oct 21 (Reuters) – The federal judge overseeing
Detroit’s historic bankruptcy case wants the city to explain its
settlements with creditors and its exit financing in closing
arguments next week, he said on Tuesday.
U.S. Bankruptcy Court Judge

Report: Rents Up, Square Footage Down for Am Law 200 Firms

MP McQueen, The Am Law Daily

October 20, 2014

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