Investigation launched into Residential Capital’s bankruptcy case

2012-06-18T20:29:09+00:00

An examiner has been appointed by a bankruptcy judge to investigate Residential Capital LLC's bankruptcy case following allegations that financial transactions between ResCap and Ally, a potential buyer of its assets, prior to its filing were improper. Reports by Reuters state that Warren Buffet's Berkshire Hathaway Inc. urged the investigation. Berkshire owns most of ResCap's [...]