Residential Capital LLC is trying to claw back more than $20 million from companies it did business with before its 2012 bankruptcy filing, including Xerox Corp. and First American Financial Corp., the Wall Street Journal reported today. In 36 separate lawsuits filed on Monday in bankruptcy court, the former mortgage services arm of Ally Financial Inc. is seeking money from parties that provided services to it in the three months before its May 14, 2012, chapter 11 filing. Neither Xerox, which through itself and two subsidiaries provided various business services for ResCap for more than $2 million, nor First American, which offered more than $6 million worth of property inspections and other services for the company, didn't immediately comment on the law suits. The rest of the suits are against risk-management firms, mortgage information providers and other vendors, mostly for amounts between $50,000 and $1 million. Such suits often end up in settlements.
