Lynch Carpenter is pleased to announce a substantial settlement on behalf of a class of approximately 44,000 residential mortgage borrowers. Bruce Carlson and Lynch Carpenter are co-lead counsel for the Class. The settlement was negotiated as part of the bankruptcy proceedings in the case captioned In re: Residential Capital, LLC, et al., Case No. 12-12020 (United States Bankruptcy Court, Southern District of New York). In connection with the settlement the debtor has agreed to an allowed claim amount of $300 million for the Class. The settlement was preliminarily approved on August 23, 2013 and the Final Approval hearing is scheduled for November 19, 2013. A Notice which describes the settlement in more detail is posted in the Class Notice section of this website. Any questions regarding this settlement should be directed to Bruce Carlson.
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