Amid Municipal Bankruptcies In California, Lawyers Watch Michigan Case
July 23, 2013
Michael Sweet was quoted in The Daily Journal article "Amid Municipal Bankruptcies in California, Lawyers Watch Michigan Case." While the full text can be found in the July 23, 2013, issue of The Daily Journal, a synopsis is noted below.
A Michigan court has ruled Detroit's bankruptcy filing unconstitutional for altering public pension contracts. While a similar problem arose in the bankruptcy filings of San Bernardino and Stockton, California, those matters remain unresolved, leaving lawyers to think the case will likely be settled by the U.S. Supreme Court.
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