Weekend and holiday arraignment on warrants for Wayne County and Detroit held at 34th District
Cases originating in Wayne County (including the City of Detroit) will be held at:
34th District Court
11131 Wayne Rd.
Romulus, MI 48174
Court begins at 12 noon.
Company backing Detroit bonds opposes EM Kevyn Orr’s plans
DETROIT (AP) — An insurance company that backs more than $170 million in Detroit bonds says it opposes a plan by the city’s state-appointed emergency manager to restructure the city’s finances.
Ambac Assurance Corp. said in a statement issued Monday that it disagrees with Kevyn Orr’s plan to treat general obligation bondholders the same as unsecured creditors, calling it “harmful to Detroit and the interests of taxpayers in Michigan.”
Orr’s office disagrees with Ambac’s assessment, saying general obligation bonds are unsecured debt.
Orr stopped paying Detroit’s unsecured creditors in mid-June and seeks to settle their $11.4 billion in claims with about $2 billion. The bankruptcy expert plans to take about 25 bankers on a tour Wednesday of some of Detroit’s hardest-hit areas to help them understand what is at stake.
Law firm launches new electronic payments and business law blog
The Electronic Payments Practice Group of Jaffe Raitt Heuer & Weiss, P.C. has launched a new legal and business blog, ElectronicPaymentsLaw.com.
Authored by Jaffe partners and attorneys — Holli Targan, Jill Miller, Sarah Weston, Heather Maldegen-Long, Joel Alam, Eric Linden and Andrew Hayner — the blog examines the legal challenges and business opportunities that are generated by the quickly evolving electronic payments industry. Topics on the blog address issues critical to the card processing and payments business, and provide key insights on legal and regulatory developments, business trends and mobile payments. The group’s goal is to educate readers and encourage insightful discussions surrounding our technology-driven commerce system.
“ElectronicPaymentsLaw.com is an ideal forum to stay connected with our click-of-a-button society,” said Ms. Targan, Electronic Payments Group chairperson. “This area of law is impacted by each technological advancement, which is occurring at a dizzying pace, and our blog provides informed viewpoints and clarity to the payments community.”
To view the blog and subscribe to the RSS feed visit www.electronicpaymentslaw.com.
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