Detroit to Big Banks: $165 Million is Too Expensive to Exit Swaps
Judge Steven Rhodes refused a deal to settle Detroit's swap-exit between the city and big banks UBS/BOA. Judge Rhodes noted…
municipal bankruptcy
Bankrupt Detroit Faces Water and Sewer Bond Restructure
Detroit’s $3.7 trillion dollar muni-bond market is facing trouble. Detroit’s emergency manager Kevyn Orr is battling insurers, individual investors and…
Bankrupt Detroit Attracts Attorneys from All Over
Detroit has filed one of the largest U.S. municipal bankruptcies this Thursday. The entire restructuring will consider more than $18…
Dewey Picks up Bankruptcy Team from LA Boutique
Bruce Bennett is leaving the firm he helped found, Hennigan Bennett & Dorman, and moving to Dewey & LeBoeuf. Bennett…