Carlson Lynch Sweet & Kilpela Logo Skip to Main Content

News

Carlson Lynch Wins Approval Of Class Settlement In ResCap Bankruptcy

By Carlson Lynch On December 3, 2013

FINAL APPROVAL GRANTED IN KESSLER SETTLEMENT FOR
ALLOWED CLAIM AMOUNT OF $300 MILLION DOLLARS 

On November 27, 2013, the United States Bankruptcy Court for the Southern District of New York granted final approval of a class settlement with an allowed claim amount of $300 million dollars. The negotiation of the settlement was reported previously on this website.  Bruce Carlson, who was co-lead counsel for the class in connection with this settlement, filed the first case initiating this litigation on behalf of residential mortgage borrowers more than (12) twelve years ago. A related case remains pending against PNC Bank in the Western District of Pennsylvania.