Mealey's Bankruptcy - Creditors: Bankruptcy Court Should Approve $85M Deal With City Of Detroit

Mealey's Bankruptcy - Creditors: Bankruptcy Court Should Approve $85M Deal With City Of Detroit

DETROIT - Lenders UBS AG and Merrill Lynch Capital Services Inc. on March 21 filed a brief in the U.S. Bankruptcy Court for the Eastern District of Michigan arguing that the Bankruptcy Court should approve their deal with the bankrupt City of Detroit that would settle claims related to what are called swap agreements for $85 million (In Re: City of Detroit, No. 13-53846, Chapter 9, E.D. Mich. Bkcy.).

Find full version on lexis Advance®
Access this news story on lexis.com®