Detroit Retiree Committee Gets Judge's Green Light

Law360, Chicago (August 02, 2013, 6:59 PM ET) -- Detroit’s bumpy road ahead in bankruptcy came into focus Friday at a court hearing where a committee was approved to represent city retirees whose pension and medical benefits are on the chopping block, as many creditors pushed back against the tight schedule proposed for the case.

At a preliminary hearing in the Motor City, U.S. Bankruptcy Judge Steven W. Rhodes cleared the appointment of an official retiree committee in the unprecedented Chapter 9 case, but deferred to the U.S. Trustee’s office to determine its makeup within...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers