Detroit Retirees Bash Proposed Committee Selection
By Kathryn Brenzel
Law360, New York (July 31, 2013, 3:30 PM ET) -- Two Detroit retirement groups on Tuesday urged a Michigan bankruptcy judge to block the city and unions from selecting a committee of retired employees, arguing that the trustee should have sole discretion in determining who will represent the interests of one of Detroit's largest creditors.
The retirees support creating a committee but believe the city and unions should be barred from its selection process and membership, the groups said. The city suggested on July 19 that a committee would help more than 23,500 retirees navigate its...