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Thursday, March 22, 2018

Creditor Syncora Reaches Detroit Bankruptcy Deal, Issues Apology

By Nathan Bomey, Detroit Free Press 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 places Detroit within a stone’s throw of achieving an amicable resolution to […]

September 15, 2014