, it has entered into settlement agreements related to eleven pending indemnity and breach of contract actions against correspondent lenders of Residential Funding Company LLC ("RFC").
Additionally, there are 3.6mm units allocated to the Disputed Claims Reserve, which is established for holders of currently disputed claims that may be allowed in the future.
At the current price of the units, the fully diluted unit count is 100mm and the diluted market capitalization is $1,550mm.
Residential Capital remains one of the largest financial firms to ever file for bankruptcy in the United States.
Decision One Mortgage Company, LLC, Counter Claimant Honor Bank, Counter Claimant PHH Mortgage Corp., Counter Claimant Sierra Pacific Mortgage Company, Inc., Counter Claimant Res Cap Liquidating Trust, Counter Defendant Residential Funding Company, LLC, Counter Defendant Academy Mortgage Corporation, Defendant American Mortgage Network, Inc., Defendant American Mortgage Network, LLC, Defendant American Residential Investment Trust, Inc., Defendant Americash, Defendant Amnet Mortgage LLC, Defendant Amnet Mortgage, Inc., Defendant Ark-La-Tex Financial Services, LLC, Defendant BMO Harris Bank, N.
The transfer of the Units and the cash distribution will be made by Continental Stock Transfer, the transfer agent and registrar for the Trust.
The Trust will make distributions of Units and cash to allowed claim holders who have not yet provided their brokerage information at intervals determined by the Trust, after the information is received.
The Second Amended Joint Chapter 11 Plan of Residential Capital, LLC et al.
was declared effective by the Bankruptcy Court on Based on the reserve order issued by the Bankruptcy Court, the Trust will allocate 3,619,088 Units to the Disputed Claims Reserve, which is being established for holders of currently disputed claims that may be allowed in the future.
A., Defendant First Union Mortgage Corporation, Defendant First Union National Bank, Defendant Freedom Mortgage Corporation, Defendant Fremont Bank, Defendant Gateway Bank, F. B., Defendant Global Advisory Group, Inc., Defendant Golden Empire Mortgage, Inc., Defendant Greenpoint Mortgage Funding, Inc., Defendant Guaranty Bank, Defendant HSBC Finance Corporation, Defendant Home Loan Center, Inc., Defendant Homestead Funding Corp., Defendant Hometown Mortgage Services, Inc., Defendant Honor Bank, Defendant Impac Funding Corporation, Defendant Inter Linc Mortgage Services, LLC, Defendant Lake Forest Bank & Trust Company, Defendant Lenox Financial Mortgage Corp., Defendant Mid-Atlantic Financial Services, Inc., Defendant Monarch Bank, Defendant Mortgage Access Corp., Defendant Mortgage Advisory Group, Defendant Mortgage Capital Associates, Inc., Defendant Mortgage Network, Inc., Defendant Mortgage Outlet, Inc., The, Defendant Mortgage IT, Inc., Defendant National Bank of Kansas City, Defendant Norwest Financial Acceptance, Inc ., Defendant Origin Bancorp, Inc., Defendant Origin Bank, Defendant PHH Mortgage Corp., Defendant PMC Bancorp, Defendant PNC Bank, N. Tek Mortgage Services, LLC, Defendant Plaza Home Mortgage, Inc., Defendant Premier Financial Services, Inc., Defendant Primary Capital Advisors LLC, Defendant Primary Residential Group, Inc., Defendant Primary Residential Mortgage, Inc., Defendant Professional Mortgage Corp., Defendant Provident Funding Associates, L.