DETROIT, Nov. 7, 2014 /PRNewswire/ -- Dentons, lead counsel to the Official Committee of Retirees, congratulates the city of Detroit, its citizens and retirees upon today's US Bankruptcy Court confirmation of the Debtors' Plan of Adjustment.
"Dentons is honored to have been selected to serve such an important role. We are exceptionally proud of our work on behalf of the interests of more than 24,000 retirees and their dependents in this historic engagement," said Peter Wolfson, Dentons' US CEO. "Due to the efforts of the Committee, retirees have been substantially protected. We wish the city and its retirees the best and brightest future."
Restructuring partners Carole Neville and Claude Montgomery in New York and Sam J. Alberts in Washington, DC, lead the Dentons team that worked with the nine-member Committee since August 2013. Over the course of the proceedings, the tireless efforts of the Committee, Dentons and other Committee professionals resulted in material protection of retiree pension benefits and continued access to health care benefits.
Dentons is a global law firm driven to provide clients a competitive edge in an increasingly complex and interconnected world. A top 20 firm on the Acritas 2014 Global Elite Brand Index, Dentons is committed to challenging the status quo in delivering consistent and uncompromising quality in new and inventive ways. Dentons was formed by the combination of international law firm Salans LLP, Canadian law firm Fraser Milner Casgrain LLP (FMC) and international law firm SNR Denton. Dentons' clients now benefit from approximately 2,600 lawyers and professionals in more than 75 locations spanning 50-plus countries across Africa, Asia Pacific, Canada, Central Asia, Europe, the Middle East, Russia and the CIS, the UK and the US. The firm serves the local, regional and global needs of a broad spectrum of clients, including private and public corporations; governments and government agencies; small businesses and start-ups; entrepreneurs; and individuals.