Tag Archives: Ally

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

Read More 0 Comments

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

Read More 0 Comments

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

Read More 0 Comments

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

Read More 0 Comments

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

Read More 0 Comments

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

Read More 0 Comments

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

Read More 0 Comments

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

Read More 0 Comments

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

Read More 0 Comments

BRIEF-Residential capital llc asks US bankruptcy court to approve Ally settlement

Thu May 23, 2013 9:08am EDT
May 23 (Reuters) – Ally Financial Inc: * Residential capital llc asks US bankruptcy court to approve settlement withAlly Financial Inc * Ally financial inc to increase contribution to residential capital llc estateto $2.1 billion – court docs * Ally financial inc settlement

Read More 0 Comments

Law Suit Filed: The Bancorp Inc, TBBK Securities Fraud

July 29 2014Company:
The Bancorp Inc,Ticker Symbol:
TBBKClass Period:
Apr-24-13 to Jun-10-14Date Filed:
Jul-29-14Lead Plaintiff Deadline:
District of Delaware Allegations:
Bensalem, PA: A securities class action lawsuit has been filed in the United States District Court for the District of Delaware on behalf of all purchasers of the

Law Suit Filed: Class Action Lawsuit Over Delatestryl Testosterone Injection Cardiovascular Risks

July 30 2014Toronto, ONT: A class action lawsuit has been filed by plaintiffs in Canada who allege that they were never warned about the increased risk of cardiovascular events with the low testosterone injection Delatestryl (Court File No. 3704CP/14). The case was filed on July 22, 2014 in the

Possible Lawsuit: Bayer Facing Lawsuits over Xarelto Bleeding Events

Home Page Potential Lawsuit Bayer Facing Lawsuits over Xarelto Bleeding Events Los Angeles, CA: Bayer AG and Janssen, the makers of Xarelto (Rivaroxaban) EI, are facing a wrongful death lawsuit recently filed by the family of a man who suffered irreversible brain bleeding allegedly as a side effect of

Law Suit Filed: Michael Kors Outlets Stores Consumer Fraud Class Action Lawsuit

July 30 2014Los Angeles, CA: Michael Kors LLC is facing a consumer fraud class action lawsuit alleging the discount prices it offers at its outlet stores and which are marketed as providing deep discounts over the suggested retail prices, are based on fabricated original prices. Specifically, the lawsuit claims

Dethroned Miss Delware Sues Over Being ‘Too Old’

Former Miss Delaware Amanda Longacre is suing state and national scholarship pageant associations for telling her she was too old to maintain her title.
And by old, Longacre means that she is 24. Miss America pageant rules state that “contestants must be 17 to 24 years old,” and Longacre,