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Detroit's Bankruptcy: Lessons For Employers

Most of the national attention to Detroit's bankruptcy has subsided. Those of us here in Detroit, however, have a daily dose of news about the proceeding. The Detroit Free Press ran an excellent in depth article this Sunday concerning to the causes of the city's financial disaster. As painful...

Detroit's Bankruptcy: the Pension Issue

Judge Rhodes ruled yesterday that the city's bankruptcy can proceed. He also ruled that the state constitutional provision that protects state employees' pensions from being diminished or impaired is preempted by federal law. Appeals will be filed, but the bankruptcy will move forward. Judge...