Duggan revealed the shortfall during his third State of the City address in front of an estimated 2,500 people at Second Ebenezer Church -- more than a year after the city emerged from the largest and most expensive municipal bankruptcy in U.S. history."
Thursday, February 25, 2016
Hmmmm....wonder who will fix this.........Duggan: Will weigh legal action against Detroit bankruptcy team for $491M pension shortfall
Duggan: Will weigh legal action against Detroit bankruptcy team for $491M pension shortfall - Crain's Detroit Business:
"Detroit Mayor Mike Duggan said Tuesday that he will look into a lawsuit against the city's bankruptcy consultants for using what he said were outdated data that have left Detroit with a $491 million pension fund shortfall.
Duggan revealed the shortfall during his third State of the City address in front of an estimated 2,500 people at Second Ebenezer Church -- more than a year after the city emerged from the largest and most expensive municipal bankruptcy in U.S. history."
Duggan revealed the shortfall during his third State of the City address in front of an estimated 2,500 people at Second Ebenezer Church -- more than a year after the city emerged from the largest and most expensive municipal bankruptcy in U.S. history."
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