Mitchell Class Settlement

January 14, 2014

More good news!  The Circuit Court of Jackson County, Missouri issued its Order giving final approval of the $14.5 class action settlement with Defendant Residential Funding Corporation (“RFC”) in Mitchell v. Residential Funding, et al.  As a result, the conditional approval of the settlement by the he United States Bankruptcy Court for the Southern District of New York the Mitchell Settlement Class automatically became final and the Mitchell Settlement Class now has an allowed claim for $14.5 million against the Borrowers Claims Trust established under RFC’s Chapter 11 bankruptcy plan.

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