Daily News: November 21, 2013

Detroit Free Press: Detroit Pays Bankruptcy Law Firms, Consultants $22MM

The Detroit Free Press reported the city of Detroit has paid city’s restructuring firms have received more than $22 million, according to figures available from Kevyn Orr’s office.

The Detroit Free Press reported further the city paid nearly $11 million through Oct. 1 to the Jones Day law firm, more than double the amount paid until then to other restructuring and bankruptcy consultants or law firms. Conway MacKenzie had been paid $4.59 million, and Ernst & Young had been paid $4.17 million, the Detroit Free Press said further.

To read the entire Detroit Free Press article, click here.