Mealey's Bankruptcy - Syncora Parties Appeal $120M In Post-Petition Funding For Bankrupt City Of Detroit

Mealey's Bankruptcy - Syncora Parties Appeal $120M In Post-Petition Funding For Bankrupt City Of Detroit

DETROIT - Syncora Guarantee Inc. and Syncora Capital Assurance Inc. (the Syncora parties) on April 15 filed a notice of appeal in the U.S. Bankruptcy Court for the Eastern District of Michigan, opposing the Bankruptcy Court's decision to approve $120 million in additional post-petition financing for the bankrupt City of Detroit. The Syncora parties seek review of the decision by the U.S. District Court for the Eastern District of Michigan (In Re: The City of Detroit, No. 13-53846, Chapter 9, E.D. Mich. Bkcy.).

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