Friday, August 2, 2013

Reuters: Money News: Detroit retirees win seat at table in bankruptcy filing

Reuters: Money 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. 
Detroit retirees win seat at table in bankruptcy filing
Aug 3rd 2013, 06:01

DETROIT (Reuters) - In a high-stakes hearing on Friday in Detroit's bankruptcy filing, a judge approved a city plan to form a creditors' committee of retired workers, but gave unions and pension funds that opposed the plan a measure of satisfaction by declaring an independent trustee - and not the city - will select committee members.

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