State Review Team Finds Financial Emergency in City of Detroit. What is Next for the City of Detroit?

Feb 19, 2013

On February 19, 2013, the six-person Review Team appointed by Michigan's Governor to conduct a detailed financial review of the City of Detroit delivered its report to the Governor. The Report concludes that a financial emergency exists in the City. As a result of the Review Team's conclusion, the Governor is required to take action under Michigan's emergency financial manager law by no later than March 21, 2013.

CadwaladerSpotlight

IMN's 6th Annual Investors' Conference on European CLOs and Leveraged Loans

Nick Shiren and Daniel Tobias will be speaking at this key industry event on April 2 in London.

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