Monday, July 22, 2013

Federal judge to consider pension funds' lawsuit Wednesday in first Detroit bankruptcy hearing

The Detroit Free Press reports:
U.S. Bankruptcy Judge Steven Rhodes has declared that his court has the authority to rule on a dispute between the city’s pension funds and the City of Detroit — not the state court in Ingham County. Rhodes, in an order filed today, said he will hold a hearing on Wednesday at 10 a.m. to consider the city of Detroit’s request to put all lawsuits filed before the city filed for bankruptcy on hold.