74
      Sunday
      91 / 66
      Monday
      90 / 68
      Tuesday
      85 / 66

      Judge appoints mediator for Detroit bankruptcy

      The judge handling Detroit's Chapter 9 bankruptcy case has appointed Detroit chief federal judge Gerald Rosen as a mediator in the case.

      DETROIT (AP) - The judge handling Detroit's Chapter 9 bankruptcy case has appointed Detroit chief federal judge Gerald Rosen as a mediator in the case. Rosen said in a statement Tuesday that his aim is to bring those involved in the bankruptcy case together "in a neutral forum, away from the glare of the spotlight" and resolve as many disputes as possible. He says he'll work with a small team of other mediators. The order from U.S. Bankruptcy Judge Steven Rhodes says "proceedings, discussions, negotiation and writings" from mediation will be confidential. Detroit claims it has at least $18 billion in liabilities, from underfunded pensions and health care costs to bonds that lack city revenue to be paid off. The city is being run by state-appointed emergency manager Kevyn Orr, a bankruptcy specialist.

      (Copyright 2013 by The Associated Press. All Rights Reserved.)