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City of Detroit Bankrupcy Case

Warner served as Michigan counsel for UBS AG and Merrill Lynch Capital Services in the historic bankruptcy proceeding for the city of Detroit. UBS and MLCS, counterparties to certain swap and credit agreements with the City, settled claims totaling nearly $300M and ultimately won court approval of the settlement over the objections of the insurers and other creditors, paving the way for further settlements with other classes of creditors.

Case: In re City of Detroit, Michigan, U.S. Bankruptcy Court, Eastern District of Michigan,