Detroit

Judge Appoints Mediator for Detroit Bankruptcy

Good luck to him. He's going to need it.

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U.S. Bankruptcy Judge Steven Rhodes today officially appointed Gerald Rosen, chief district judge of the U.S. District Court for the Eastern District of Michigan, as a mediator in Detroit's bankruptcy case.

The move, which comes two weeks after Rhodes proposed the appointment, positions Rosen as a key player in Detroit's restructuring. A mediator leads negotiations on contentious topics in hopes of helping the sides reach a consensus.

Rosen would have the power to appoint additional mediators to help. The parties involved in the discussions would share the costs of the legal process, according to a court filing.