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Violation Tracker Individual Record

Company: Residential Capital LLC
Penalty: $300,000,000
Year: 2013
Date: November 27, 2013
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: mortgage abuses
Violation Description: A federal bankruptcy judge approved a settlement in which an unsecured claim of $300 million was granted to the plaintiffs in a lawsuit against Residential Capital alleging it extracted excessive settlement fees from borrowers.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York Bankruptcy Court
Civil or Criminal Case: civil
Case ID: 1:12bk12020
Private Lawsuit Resolution Type: settlement
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.