Lippitt O'Keefe Gornbein Instrumental in Detroit's Bankruptcy Exit

Nov 07, 2014, 18:33 ET from Lippitt O'Keefe Gornbein, PLLC

DETROIT, Nov. 7, 2014 /PRNewswire/ -- Lippitt O'Keefe Gornbein, PLLC, a metro Detroit-based law firm, has represented and continues to represent the Detroit Retired City Employees Association (DRCEA) and the Retired Detroit Police and Fire Fighters Association (RDPFFA) throughout Detroit's historic Chapter 9 bankruptcy case.

In Federal court today, Judge Steven Rhodes confirmed (pending an order) Detroit's plan of adjustment thereby initiating the end of the largest municipal bankruptcy in United States history.

Lippitt O'Keefe Gornbein, PLLC, helped reach agreements on the treatment of pension and healthcare benefits for City of Detroit retirees through their representation of the DRCEA and RDPFFA.

"We are humbled and honored to have represented both Detroit's general municipal retirees and the police and firefighter retirees during the bankruptcy process," said Brian O'Keefe, managing partner at Lippitt O'Keefe Gornbein, PLLC. "Now that the 'Grand Bargain' has been confirmed, members of these two groups have once again given back to Detroit -- this time in connection with the future resurgence of Detroit as a major metropolitan city."

"We must acknowledge Don Taylor, the RDPFFA Board, Shirley Lightsey, and the DRCEA Board for their tireless efforts and commitment to protecting retirees from greater harm," added Lippitt O'Keefe Gornbein Attorney Ryan Plecha. "We are also grateful for the courage and dedication of Chief Judge Rosen, Eugene Driker, Judge Victoria Roberts, Governor Snyder and the Michigan legislature for shepherding the city quickly through bankruptcy. The 'Grand Bargain' and today's confirmation would not have been possible without this collaborative effort. The city can now rise again and write the next and brighter chapter for the City of Detroit."

Detroit filed for bankruptcy in July 2013. Following today's ruling, the city expects to emerge from bankruptcy in the next several weeks.

"We thank all Detroiters who have sacrificed during this trying time in Detroit's history," continued O'Keefe. "As Detroit emerges from bankruptcy, we're confident that we will see a stronger community and an economic powerhouse in the years to come."

About Lippitt O'Keefe Gornbein, PLLC

Lippitt O'Keefe Gornbein, PLLC, headquartered in Birmingham, Michigan, is a full service law firm that offers experienced legal professionals delivering client-focused counsel within the areas of general commercial litigation and commercial transactional law. These areas include Commercial Litigation, Real Estate Law, Business Law, Employment Law, Estate Planning and Taxation, Family & Probate Law, Appellate Practice, and Intellectual Property Law.

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