Reuters: Bankruptcy News: Judge in Detroit case suspends challenges from proceeding

Reuters: Bankruptcy News 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

Judge in Detroit case suspends challenges from proceeding Jul 24th 2013, 18:30 DETROIT, July 24 | Wed Jul 24, 2013 2:30pm EDT DETROIT, July 24 (Reuters) - A U.S. bankruptcy court judge on Wednesday suspended lawsuits brought in Michigan state courts that had challenged Detroit's bankruptcy filing on state constitutional grounds while the judge reviews the city's petition for protection from creditors. All issues regarding the Detroit bankruptcy case will be heard in federal bankruptcy court, the judge ruled. Three lawsuits were filed in Lansing, the state's capital, by city workers, retirees and pension plans arguing that Governor Rick Snyder violated the state's constitution by approving the filing of a Chapter 9 bankruptcy case by Detroit's emergency manager, Kevyn Orr, because it threatens to diminish the city's pension payments. Judge Steven Rhodes made his ruling after hearing from attorneys for Detroit, which has filed for the largest bankruptcy in U.S. history, and the groups who wanted lawsuits filed in Michigan's state capital to continue.

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