Two federal judges in Detroit’s bankruptcy case have refused drawn-out battles in favor of quick rulings and aggressive mediation that’s speeding the chapter 9 process along, according to a commentary yesterday in the Detroit Free Press. Much of the action has been happening in the private chambers of Chief U.S. District Judge Gerald Rosen, where he convenes confidential mediation sessions producing rapid-fire results. Mediation breakthroughs — most notably lining up about $800 million of private and state money for a pension rescue fund — have shifted Detroit’s historic bankruptcy case into high gear with a quick resolution potentially in sight that was unthinkable just a few months ago.
