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Kwame Kilpatrick

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  • Participants in Detroit pension borrowing knew debt sale was 'iffy': city lawyer

    DETROIT (Reuters) - Detroit's controversial sale of $1.4 billion of pension debt, which has become one of the biggest disputes in the city's historic bankruptcy case, involved risks known to all the parties in the transaction, an attorney for the city said on Wednesday.
  • Creditor reaches Detroit bankruptcy deal, issues apology

    DETROIT Detroit's stiffest bankruptcy opponent reached a comprehensive settlement with the city and issued a formal apology Monday for accusing bankruptcy mediators of "naked favoritism" a turn that places Detroit within a stone's throw of achieving an...

    Creditor Syncora reaches Detroit bankruptcy deal, issues apology

    DETROIT Detroit's stiffest bankruptcy opponent a bond insurer called Syncora reached a comprehensive settlement with the city of Detroit and issued a formal apology for accusing bankruptcy mediators of "naked favoritism." The remarkable development...

    Judge adjourns Detroit bankruptcy trial to finalize breakthrough creditor deal

    The confirmation hearing to restructure the City of Detroit has been adjourned until Monday morning, giving the city and creditor Syncora time to finalize a breakthrough deal reached Tuesday night. Syncora is one of two major holdouts as the city has...

    Ex-Detroit Mayor Kwame Kilpatrick appeals corruption conviction

    DETROIT Almost a year into his lengthy prison term, former Detroit Mayor Kwame Kilpatrick is asking a federal appeals court to toss his conviction and grant him a new trial. The disgraced ex-mayor, who is serving a 28-year prison term for public...