PNC Bank Objects To Deal That Would Limit ResCap's Mortgage Liability To $57.6M

NEW YORK - PNC Bank NA on Aug. 14 filed a brief in the U.S. Bankruptcy Court for the Southern District of New York objecting to bankrupt Residential Capital LLC's (ResCap) motion seeking approval of a settlement agreement between a putative class of lenders and ResCap that would limit ResCap's liability to $57.6 million (In Re: Residential Capital LLC, No. 12-12020, Chapter 11, S.D. N.Y. Bkcy.).

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