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Details from the Detroit bankruptcy filing. The city of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama's $4-billion filing in 2011. [1]
On July 18, 2013, the restructuring expert did just that, making Detroit the largest city in the U.S. to file for bankruptcy. “Bankruptcy is a miserable process," Orr, 65, told The Associated ...
The architect of the bankruptcy filing was Kevyn Orr, a lawyer hired by then-Gov. Rick Snyder in 2013 to fix Detroit's budget deficit and its underfunded pensions, healthcare costs and bond payments.
The United States Treasury and an ad hoc group of the bondholders of General Motors Corporation were also represented in court. [ 9 ] One of the first motions filed in court was to void the leases on the seven corporate jets, and corporate aircraft hangar at Detroit Metropolitan Wayne County Airport, which the company said were no longer ...
Federal's was founded in 1929. [1] In 1961, Federal's merged with Kobacker's of Columbus, Ohio and in 1969, [2] it bought Shifrin-Willens Jewelers. [3] The chain filed for bankruptcy in 1972. [4]
It had paid a Facebook app developer for access to the personal information of about 87 million Facebook users. That data was then used to target U.S. voters during the 2016 campaign.
Divya Narendra, Cameron Winklevoss, and Tyler Winklevoss, founders of the social network ConnectU, filed a lawsuit against Facebook in September 2004.The lawsuit alleged that Zuckerberg had broken an oral contract to build the social-networking site, copied the idea, [1] [2] and used source code that they provided to Zuckerberg to create competing site Facebook.
A liberal Facebook group that encouraged the boycotting of businesses whose owners are believed to have supported President-elect Donald Trump shut down following intense backlash from the community.