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Lending / The Ticker

ResCap to let creditors seek claims against Ally

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Residential Capital LLC won't stand in the way of creditors seeking to litigate claims against the mortgage lender's parent, Ally Financial Inc., for actions they say harmed ResCap, a court filing shows.

The official committee representing unsecured creditors in ResCap's Chapter 11 bankruptcy said in a filing late Tuesday that the lender will consent to a motion the committee may seek to gain court approval to pursue such claims.

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