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212139P.pdf   02/02/2023  ResCap Liquidating Trust  v.  Primary Residential Mortgage
   U.S. Court of Appeals Case No:  21-2139
   U.S. District Court for the District of Minnesota   
   [PUBLISHED] [Loken, Author, with Colloton and Shepherd, Circuit Judges] 
   Civil case - Residential Mortgage-backed Securities. In this action the 
   liquidating trust formed as part of the bankruptcy of Residential Funding 
   Company attempted to recover funds from Primary Residential Mortgage, one 
   of the loan initiators who sold Residential Funding defective or 
   unrecoverable loans prior to collapse of the mortgage market in 2008. In 
   the action, the liquidating trust alleged fraud and breach of contract. 
   The district court's judgement in favor the liquidating trust and its 
   award of damages and attorneys' fees and costs is affirmed; however, the 
   district court erred when it did not apply the federal statute on interest 
   rates - 28 U.S.C. Sec. 1961 - in calculating prejudgment interest.