Bloomberg News

ResCap Bondholders End Deal With Ally on Reorganization

September 26, 2012

Bondholders of Residential Capital LLC, the bankrupt mortgage unit of Ally Financial Inc. (ALLY:US), 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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Companies Mentioned

  • ALLY
    (Ally Financial Inc)
    • $23.26 USD
    • 0.51
    • 2.19%
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