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ResCap Wins Court Approval to Pay 14.9 Million in Incentive Payouts

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Residential Capital LLC, the bankrupt mortgage lending unit of Ally Financial Inc, won court approval to pay $14.9 million in incentive payments to hold onto 191 key employees, Reuters reported yesterday. The company had sought to pay $10.8 million to 174 employees, which included people who work in the finance, legal, origination, technology and other operations. ResCap also sought to pay $4.1 million to 17 senior executives, not including CEO Thomas Marano.