News

Judge orders withdrawal of Detroit bankruptcy petition

Judge orders withdrawal of Detroit bankruptcy petition

A judge has ordered a Detroit petition for bankruptcy to be withdrawn. Photo: Associated Press

DETROIT (Reuters) – A Michigan judge on Friday ordered Detroit’s state-appointed emergency manager to withdraw the federal bankruptcy petition he filed for the city on Thursday.

Ingham County Circuit Court Judge Rosemarie Aquilina’s order said the 2012 Michigan law that allowed Governor Rick Snyder to approve the city’s bankruptcy filing, the largest municipal bankruptcy filing ever in the United States, violated the Michigan Constitution.

The declaratory judgment came in lawsuits filed this month by Detroit pension funds, retirees and workers, which sought to prevent a bankruptcy filing that would ultimately impair retirement benefits in violation of constitutional protections for those benefits.

Recent Headlines

4 hours ago in Entertainment

Today in entertainment history: May 3

dollyparton

A look back at some of the biggest headlines in Hollywood history.

15 hours ago in Viral Videos

The cicadas are coming …

24-overlay

Billions of cicadas will soon emerge after spending 17 years underground and they have a lot of catching up to do.

16 hours ago in Entertainment

Too much ice in your Starbucks?

starbucks265305906988

A federal lawsuit claims Starbucks regularly overfills its cold drinks with ice instead of using the advertised amount of coffee or other liquid in its plastic cups.

18 hours ago in Sports

Stuard wins in New Orleans after playoff

14-overlay

Journeyman Brian Stuard clinched his first PGA Tour title with a gripping playoff victory over fellow American Jamie Lovemark and South Korean An Byeong-hun at the weather-plagued Zurich Classic of New Orleans on Monday.

20 hours ago in Music

Nikki Sixx wants to help the next guy

nikkisixx961740673643

The Motley Crue rocker says it's important to champion new bands, as he’s been in the same boat.