City Of Detroit Bankruptcy Expert Witness

Detroit Judge Steven Rhodes appointed Martha E.M. Kopacz, CMA, CIRA, as his bankruptcy expert witness in the largest municipal bankruptcy case in U.S. history. Rhodes has the authority to approve or reject the city’s restructuring plan following the trial.  Kopacz is Senior Managing Director, Phoenix Management Services in Boston and has said she won’t comment until the case is concluded.  The trial is scheduled to begin September 2, 2015 and may continue until mid-October.

On 8/25/14, the Detroit Retirement System filed a motion to exclude portions of Martha Kopacz’s testimony arguing that she is not qualified to opine on pension related issues.  The city’s debt includes $3.5 billion in unfunded pension liabilities.

More info: http://www.mieb.uscourts.gov/cityofdetroit.

About Karen Olson

Information Professional with twenty years experience in legal, public record, and business research. Fifteen years law firm experience.

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