A mediator helped reach a settlement of the complex bankruptcy of Residential Capital LLC, the mortgage unit of Ally Financial Inc. Ally was formerly known as General Motors Acceptance Corp until a government bailout in the wake of the 2008 financial crisis.
A mediator also helped resolve a bitter dispute in bankruptcy court between the owner of the Los Angeles Dodgers, Frank McCourt, and Major League Baseball's commissioner, Bud Selig. The settlement was never fully disclosed.
Rhodes also proposed an order appointing an examiner to review attorney fees to be paid by the city. Such examiners have been appointed in many of the largest bankruptcies, and they often recommend reductions where attorneys cannot justify hours worked or expenses.
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