Carlson Lynch Wins Approval Of Class Settlement In ResCap Bankruptcy

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.