Tuesday, July 23, 2013

Reuters: U.S.: Michigan court halts challenges to Detroit bankruptcy filing

Reuters: U.S.
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com 
Michigan court halts challenges to Detroit bankruptcy filing
Jul 23rd 2013, 19:23

  • Tweet
  • Share this
  • Email
  • Print
Downtown Detroit is seen looking south along Woodward Avenue in Detroit, Michigan July 21, 2013. REUTERS/ Rebecca Cook

Downtown Detroit is seen looking south along Woodward Avenue in Detroit, Michigan July 21, 2013.

Credit: Reuters/ Rebecca Cook

DETROIT | Tue Jul 23, 2013 3:23pm EDT

DETROIT (Reuters) - A Michigan Appeals Court panel said on Tuesday it halted three lawsuits seeking to derail Detroit's historic municipal bankruptcy filing.

The panel acted after Michigan Attorney General Bill Schuette asked the appeals court to quickly overturn the lower court rulings to halt the filing.

Detroit city workers, retirees and pension funds filed lawsuits in state court, concerned that the July 18 Chapter 9 bankruptcy filing by Detroit's state-appointed emergency manager will lead to retirement benefit cuts.

A state judge in Michigan's capital city of Lansing on Friday issued a declaratory judgment ordering Kevyn Orr, Detroit's emergency manager, to withdraw the bankruptcy petition on state constitutional grounds.

(Reporting By Karen Pierog; Editing by Greg McCune)

  • Tweet this
  • Link this
  • Share this
  • Digg this
  • Email
  • Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/

Comments (0)

Be the first to comment on reuters.com.

Add yours using the box above.


You are receiving this email because you subscribed to this feed at blogtrottr.com.

If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

0 comments:

Post a Comment

 
Great HTML Templates from easytemplates.com.