Detroit's State Aid Moves Ahead As JPMorgan Pledges $100M

Law360, New York (May 21, 2014, 3:43 PM EDT) -- A panel of Michigan lawmakers advanced a package of legislation aimed at boosting Detroit’s finances and pension system Wednesday, just as JPMorgan Chase & Co. announced plans to invest $100 million into the floundering city over the next five years.

The Michigan House Committee on Detroit’s Recovery and Michigan’s Future voted in favor of sending the 11-bill package to the full House for a vote. The legislation proposes setting aside $194.8 million for the city, setting up a seven-person committee to oversee Detroit’s finances and a...
To view the full article, register now.



Case Information

Case Title

City of Detroit, Michigan

Case Number



Michigan Eastern

Nature of Suit

Date Filed

July 18, 2013

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.