The city of Detroit may have to publicly disclose at least some of the financial information in its digital vault, which includes what the city's fiscal future could look like, Reuters reported yesterday. Hon. Steven Rhodes on Wednesday accepted an offer by Jones Day, the law firm handling the city's July 18 municipal filing, to go through about 7,000 pages of financial information in a digital "data room" in the next few days and identify which documents could be made public. Judge Rhodes said that on Aug. 28 he will entertain the city's argument to keep some of the data out of the public eye. The city, under state-appointed Emergency Manager Kevyn Orr, set up and provided the content for the password-protected data room and allowed access to creditors involved in the historic Detroit bankruptcy filing only if they signed a nondisclosure agreement.
