Detroit Looks To Jones Day Atty To Rescue City

Law360, New York (March 14, 2013, 7:20 PM EDT) -- Michigan Gov. Rick Snyder announced the appointment Thursday of Jones Day bankruptcy partner Kevyn Orr as the emergency financial manager for Detroit, the latest effort to pull the flailing city out of its prolonged economic crisis.

Orr, based in Jones Day’s Washington office, is well known for his restructuring work for Chrysler LLC in 2009. Snyder said he expected Orr to serve for 18 months, at which time city officials will assess the progress made and figure out what to do next.

The state's Emergency Financial...
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