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ResCap creditors, Ally nearing deal on billions in claims

Creditors of bankrupt Residential Capital LLC are nearing a deal to settle billions of dollars of claims against the mortgage lender's parent, Ally Financial Inc , a development that prompted a delay in a much-anticipated report on ResCap's failure.A mediator overseeing talks between Ally and ResCap creditors asked that an independent examiner postpone his report on claims that Ally should be held responsible for up to $25 billion of ResCap liabilities, according to a court filing.That report was expected to be published on Friday at noon. The examiner's attorney said in a filing with Manhattan bankruptcy court on Friday that the report will now be published at 3 p.m. on Monday."The mediator and the parties to the mediation believe that a short postponement in the filing of the report would assist the mediation process," Howard Seife of Chadbourne & Parke, who represents the examiner, said in the court filing.Creditors of ResCap are pursuing billions of dollars of cash that Ally had ra...

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