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The law firm Dentons is being challenged on its practice of charging thousands of dollars for media relations services, according to The Detroit Free Press. The firm represents retirees in the city of Detroit. The fees of the firm…>read moreNo Comment August 7, 2014
The law firm representing the city of Detroit in its bankruptcy case, Jones Day, was scolded by a federal judge this week, according to The Wall Street Journal. The firm was scolded for mistakenly circulating confidential documents involving private negotiations…>read moreNo Comment May 13, 2014
On July 18, 2013 the city of Detroit filed for Chapter 9 bankruptcy. This is a legal status of a person or other party that cannot repay the debts it owes to creditors. Estimated at $18–20 billion, Detroit is the largest municipal…>read moreNo Comment February 24, 2014
Judge Steven Rhodes refused a deal to settle Detroit’s swap-exit between the city and big banks UBS/BOA. Judge Rhodes noted that the settlement to exit the interest-rate swap contracts actually costed taxpayers $202 million- and the deal to exit was…>read moreNo Comment January 16, 2014