Lawyers wrap case in Detroit bankruptcy trial - New York News

Lawyers wrap case in Detroit bankruptcy trial

Posted: Updated:
(WJBK) -

DETROIT (AP) - Attorneys have ended final arguments in a rare trial to determine whether Detroit can become the largest municipality to fix its finances in bankruptcy court.

The daylong remarks Friday for and against a Chapter 9 reorganization now will be sorted out by Judge Steven Rhodes. He could take days to make the decision.

Attorneys representing Michigan Gov. Rick Snyder and Detroit's emergency manager argue that the July filing came after careful, deliberate planning. They say it was a last resort after all options had been exhausted.

But retirees, unions and pension funds say Snyder and emergency manager Kevyn Orr had their sights on bankruptcy for months and didn't engage in good-faith negotiations. That's a key step in a government bankruptcy.

  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
  • Local NewsLocal NewsMore>>

  • NY grand jury to weigh charges for Tony Stewart

    NY grand jury to weigh charges for Tony Stewart

    Tuesday, September 16 2014 3:43 PM EDT2014-09-16 19:43:05 GMT
    A grand jury will decide whether NASCAR driver Tony Stewart will be charged in the August death of a fellow driver at a sprint car race in upstate New York, a prosecutor said Tuesday. Ontario County District Attorney Michael Tantillo said he made the decision to present the case to a grand jury after reviewing evidence collected by county sheriff's investigators.
    A grand jury will decide whether NASCAR driver Tony Stewart will be charged in the August death of a fellow driver at a sprint car race in upstate New York, a prosecutor said Tuesday. Ontario County District Attorney Michael Tantillo said he made the decision to present the case to a grand jury after reviewing evidence collected by county sheriff's investigators.
  • Boater gets prison for fatal Hudson River crash

    Boater gets prison for fatal Hudson River crash

    Tuesday, September 16 2014 3:18 PM EDT2014-09-16 19:18:53 GMT
    A man who was drunk when he crashed a powerboat into a construction barge, killing a bride-to-be and her fiance's best man, was sentenced Tuesday to two years in jail. The victims' families, who say poor lighting on the barge was the main cause of the collision on the Hudson River, called the sentence "incomplete justice."
    A man who was drunk when he crashed a powerboat into a construction barge, killing a bride-to-be and her fiance's best man, was sentenced Tuesday to two years in jail. The victims' families, who say poor lighting on the barge was the main cause of the collision on the Hudson River, called the sentence "incomplete justice."
  • NY: Wal-Mart levied fake 'sugar tax' on soda

    NY: Wal-Mart levied fake 'sugar tax' on soda

    Tuesday, September 16 2014 2:53 PM EDT2014-09-16 18:53:56 GMT
    New York's attorney general has settled a false advertising investigation at Wal-Mart, saying stores were charging a nonexistent "sugar tax" on soda.
    New York's attorney general has settled a false advertising investigation at Wal-Mart, saying some store personnel were citing a nonexistent "sugar tax" on soda. Investigators say some consumers who complained were falsely told the state has a "sugar tax." They say the markup of more than 16 percent violated state laws.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices