News

Judge orders withdrawal of Detroit bankruptcy petition

Judge orders withdrawal of Detroit bankruptcy petition

A judge has ordered a Detroit petition for bankruptcy to be withdrawn. Photo: Associated Press

DETROIT (Reuters) – A Michigan judge on Friday ordered Detroit’s state-appointed emergency manager to withdraw the federal bankruptcy petition he filed for the city on Thursday.

Ingham County Circuit Court Judge Rosemarie Aquilina’s order said the 2012 Michigan law that allowed Governor Rick Snyder to approve the city’s bankruptcy filing, the largest municipal bankruptcy filing ever in the United States, violated the Michigan Constitution.

The declaratory judgment came in lawsuits filed this month by Detroit pension funds, retirees and workers, which sought to prevent a bankruptcy filing that would ultimately impair retirement benefits in violation of constitutional protections for those benefits.

Recent Headlines

today in Trending, Viral Videos

TODAY’S MUST SEE: 50 most frustrating video game moments

Updated
Video Games Sonic

Playing video games can be fun, into you run into one of these situations!

today in Lifestyle

Mazda recalls 190K SUVs for rust problem

The company logo is seen on the bonnet of a Mazda car during the media day ahead of the 84th Geneva Motor Show at the Palexpo Arena in Geneva March 5, 2014.

Mazda is recalling 109,000 Tribute SUVs in cold-weather states to fix rusting frame parts.

today in Sports

Friday’s Sports Minute

stanleycup

Blues and Avs work overtime, Wainwright beats error-prone Nats, and more.

today in National

Michael’s craft stores confirm data breach

michaels

The biggest U.S. arts and crafts retailer confirmed a security breach at certain systems that process payment cards.

today in National

10 for today: Friday, April 18

boston

A look at the news making headlines today, Friday, April 18.