24/7 Newsfeed

Put Reason 24/7 on Your Site

RSS

Follow Reason 24/7 on Twitter and via RSS

Detroit Pension Funds Want Expedited Appeal of Bankruptcy Ruling

Detroit's two pension funds have asked the U.S. 6th Circuit Court of Appeals to hear an expedited appeal of a judge's ruling that the city is eligible for bankruptcy protection.

The General Retirement System and Police and Fire Retirement System. Detroit's two largest unsecured creditors, filed the appeal with the 6th Circuit late Thursday. The expedited appeal would bypass the U.S. District Court for the Eastern District of Michigan.

Source: Reuters. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

advertisement