Bloomberg News

ResCap Bondholders End Deal With Ally on Reorganization

By Zeke Faux, David McLaughlin and Jeffrey McCracken
September 26, 2012

Bondholders of Residential Capital LLC, the bankrupt mortgage unit of Ally Financial Inc. (ALLY), are pulling out of a deal to support the company’s reorganization plan, an Ally spokeswoman said in an e-mailed statement.

To contact the reporter on this story: Zeke Faux in New York at zfaux@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net

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