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...
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