Final Approval Of $235M Settlement In Securities Class Action Granted

Mealey's (August 4, 2015, 3:23 PM EDT) -- NEW YORK — A federal judge in New York on July 31 granted final approval of a $235 million settlement in a securities class action lawsuit, ruling that the settlement met all statutory guidelines for approval (New Jersey Carpenters Health Fund, et al. v. Residential Capital LLC, et al., No. 08-8781, S.D. N.Y.).

(Order available. Document #57-150817-030R.)

In particular, U.S. Judge Katherine Polk Failla of the Southern District of New York held that the settlement was fair, adequate and reasonable. She also incorporated the settlement stipulation...
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