City of Detroit, Michigan
Case Number:
2:13-bk-53846
Court:
Nature of Suit:
Firms
- ArentFox Schiff
- Asher Kelly
- Barnes & Thornburg
- Blank Rome
- Blevins Sanborn
- Bowman & Brooke
- Butzel Long
- Cadwalader Wickersham
- Clark Hill
- Clayson Schneider
- Cozen O'Connor
- Dawda Mann
- Dean & Fulkerson
- Demorest Law Firm
- Dickinson Wright
- Epstein Becker
- Foley & Lardner
- Godfrey & Kahn
- Gold Lange
- Goodman Hurwitz
- Gudeman & Associates
- Hammerschmidt Stickradt & Associates
- Hladik Onorato
- Honigman LLP
- Jenner & Block
- Kaminski Law PLLC
- Kerr Russell
- Kilpatrick & Associates
- Law Offices of Christopher Trainor
- Law Offices of Joumana Kayrouz
- Lewis Brisbois
- Lipson Neilson
- Loevy & Loevy
- Maddin Hauser
- McKnight Canzano
- Miller Canfield
- Morris & Morris Attorneys
- O'Hagan Meyer
- Osipov Bigelman
- Plunkett Cooney
- Resnick Law
- Sandra O'Connor Law
- Schafer & Weiner
- Semrad Law Firm
- Shermeta Law Group
- Stempien Law
- Stevenson & Bullock
- Strobl PLLC
- Sullivan Ward
- Swistak Levine
- Taft Stettinius
- Troutman Pepper
- Varnum LLP
- Ven Johnson Law
- Warner Norcross
- White Schneider
- Wolfson Bolton
- Zwicker & Associates
Companies
- Aetna Inc.
- Amalgamated Transit Union
- Assured Guaranty Ltd.
- Aurelius Capital Management LP
- Bank of America Corp.
- Barclays PLC
- Berkshire Hathaway Inc.
- Blue Cross Blue Shield of Michigan Inc.
- Charles Stewart Mott Foundation
- Citigroup Inc.
- Clark Associates Inc.
- Colasanti Cos.
- Compuware Corporation
- Deutsche Bank AG
- Eaton Vance Corp.
- Federal National Mortgage Association
- Food & Water Watch
- General Shale Brick Inc.
- Genuine Parts Co.
- Greektown Holdings LLC
- Greenhill & Co. Inc.
- Health Alliance Plan of Michigan
- Hewlett Packard Enterprise Co.
- International Association of Fire Fighters
- International Business Machines Corp.
- Iron Mountain Inc.
- Kurtzman Carson Consultants LLC
- Lazard Ltd.
- MGM Grand Hotel LLC
- Miller Buckfire & Co. LLC
- Monarch Alternative Capital LP
- M&T Bank Corp.
- Nuveen LLC
- Parsons Brinckerhoff Inc.
- Safeco Insurance Co.
- Service Employees International Union
- Syncora Holdings Ltd.
- The Segal Co. Inc.
- TIAA Bank
- T-Mobile US Inc.
- UBS Group AG
- United Auto Workers
- U.S. Bancorp
- Waste Management Inc.
- Wells Fargo & Co.
- Wilmington Trust Corp.
- Xerox Holdings Corp.
Government Agencies
- County of Macomb, Michigan
- Equal Employment Opportunity Commission
- Nuclear Regulatory Commission
- State of Michigan
Sectors & Industries:
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April 03, 2014
Detroit May End Bankruptcy By October, Court Told
Detroit may emerge from bankruptcy as soon as Oct. 15, if negotiations over its $18 billion in debt go as planned, the city's emergency manager reportedly said in his testimony on Thursday.
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April 01, 2014
Some Retirees Get Less Under Detroit's New Ch. 9 Plan
The city of Detroit filed an amended Chapter 9 reorganization plan in Michigan federal court on Monday, maintaining its plan to invest $1.5 billion over the next decade for capital improvements but proposing slightly lower payouts to police and fire retirees.
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March 25, 2014
Detroit Judge Demands Details Of $120M Barclays Loan
The bankruptcy judge overseeing Detroit's Chapter 9 case on Monday ordered the city to provide more details about its proposed $120 million financing package from Barclays Capital Inc. after he received several objections to the loan.
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March 24, 2014
Detroit Emergency Manager Says Creditor Support Is Mounting
Detroit emergency manager Kevyn Orr said Monday that he expected to garner enough support for the bankrupt city's plan of adjustment within the next couple of weeks to secure approval from a bankruptcy court before the fall.
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March 18, 2014
Bond Insurer Slams Detroit Suit, Seeks To Intervene
A bond insurer in Michigan bankruptcy court Monday slammed the city of Detroit's efforts to nullify an agreement to pay $1.44 billion in pension-related debt, seeking to intervene in the city's adversary suit and potentially throwing a wrench in its Chapter 9 bankruptcy exit plan.
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March 07, 2014
Detroit Retirees Say Pension Cuts Will Impoverish Them
Detroit retirees on Thursday took to bankruptcy court to air their fears about the city's proposed plan of adjustment, which could force them to swallow hefty cuts to their pensions, with many noting that such measures would force them to seek public assistance.
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March 06, 2014
Detroit Says $120M Barclays Financing For Public Services
The city of Detroit sought approval from a Michigan bankruptcy court Thursday for $120 million in new financing from Barclays Capital Inc. to use for public service upgrades as the city strives to exit bankruptcy, according to court filings.
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March 04, 2014
Detroit's Bank Deal Benefits Go Far Beyond Debt Cuts
The new deal Detroit struck Monday to substantially reduce $286 million in bank debt could be enormously beneficial not only with respect to its financial position, but the flexibility it offers to continue negotiations with other creditors and the crucial support it provides for Detroit's bankruptcy exit plan.
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March 03, 2014
Detroit, Banks Reach New $85M Deal To End Swap Contracts
The city of Detroit said Monday that it has reached a new, $85 million settlement to end swaps agreements with UBS AG and Bank of America Corp.'s Merrill Lynch Capital Services LLC, after a Michigan bankruptcy judge deemed previous deals too expensive.
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February 21, 2014
Detroit's Ch. 9 Plan Draws Fierce, Immediate Criticism
The city of Detroit submitted its Chapter 9 plan Friday outlining a strategy to restructure its $18 billion in debt while setting aside $1.5 billion over the next decade for capital improvements, and has already met a firestorm of criticism from creditors that are slated to get a reduced recovery.