Allstate, AIG And Others Named to ResCap Creditors Committee

Nine creditors of Residential Capital LLC, including the insurers American International Group Inc and Allstate Corp, were selected to join the unsecured creditors committee for the mortgage lender's bankruptcy. ...

(Reuters) - Nine creditors of Residential Capital LLC, including the insurers American International Group Inc and Allstate Corp, were selected to join the unsecured creditors committee for the mortgage lender's bankruptcy.

(Reuters) - Residential Capital LLC Chief Executive Thomas Marano has resigned as the mortgage subsidiary of auto lender Ally Financial Inc works its way out of bankruptcy. Marano, who joined ResCap in 2008, will remain as a member of the board. Marano spent more than 25 years at now-defunct investment bank Bear Stearns & Co, where he was the global head of mortgage and asset-backed securities. Marano was managing director at Cerberus Capital Management before moving to ResCap. ...

NEW YORK (Reuters) - The law firm Brown Rudnick

By Tom Hals (Reuters) - Creditors of bankrupt Residential Capital LLC are nearing a deal to settle billions of dollars of claims against the mortgage lender's parent, Ally Financial Inc , a development that prompted a delay in a much-anticipated report on ResCap's failure. A mediator overseeing talks between Ally and ResCap creditors asked that an independent examiner postpone his report on claims that Ally should be held responsible for up to $25 billion of ResCap liabilities, according to a court filing. That report was expected to be published on Friday at noon. ...

The law firm Brown Rudnick has been tapped to represent the committee of unsecured creditors in the bankruptcy of legal giant Dewey & LeBoeuf - a bankruptcy that is expected to be contentious and could ...

NEW YORK (Reuters) - The law firm Brown Rudnick has been tapped to represent the committee of unsecured creditors in the bankruptcy of legal giant Dewey & LeBoeuf - a bankruptcy that is expected to be contentious and could drag on for years.

NEW YORK (Reuters) - Ally Financial Inc's mortgage unit on Monday filed