ResCap Judge Says $2M CRO Bonus Not Barred By Hourly Rate

ResCap Judge Says $2M CRO Bonus Not Barred By Hourly Rate

A New York bankruptcy judge on Thursday appeared amenable to Residential Capital LLC’s request to pay its chief restructuring officer a $2 million bonus, indicating that he was not persuaded by arguments that the bonus would more than double the ...read more

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