Bankruptcy Judge Expunges $646.87M Claim Against Residential Capital Estate

NEW YORK - The federal bankruptcy judge presiding over the Chapter 11 case of Residential Capital LLC (ResCap) on Nov. 27 expunged a claim valued at more than $646.87 million against the bankruptcy estate, finding that it was precluded by the doctrines of res judicata and collateral estoppel (In Re: Residential Capital LLC, No. 12-12020, Chapter 11. S.D. N.Y. Bkcy.).

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