Schuette endorses Detroit art deal in bankruptcy - FOX13 News, WHBQ FOX 13

Schuette endorses Detroit art deal in bankruptcy

Posted: Updated:
DETROIT (AP) -- Michigan Attorney General Bill Schuette has given his blessing to a deal that transfers control of art to the Detroit Institute of Arts.
 
The agreement is part of Detroit's bankruptcy case. It removes any ownership stake from the city and puts the museum in the role of trustee.
 
The deal is part of a broad effort to prevent the sale of art in the bankruptcy and soften pension cuts to Detroit retirees. The museum, foundations and the state have pledged to come up with $816 million.
 
In a statement released Tuesday, Schuette says he's required to review the agreement. He says he believes it's illegal to sell art to satisfy creditors, although some creditors still are pushing back in bankruptcy court.
  • Local NewsLocal NewsMore>>

  • Murder hearing for couple whose dogs killed runner

    Murder hearing for couple whose dogs killed runner

    Friday, August 1 2014 7:19 AM EDT2014-08-01 11:19:29 GMT
     A couple whose two dogs fatally mauled a 46-year-old jogger have been charged with second-degree murder.
     A couple whose two dogs fatally mauled a 46-year-old jogger have been charged with second-degree murder.
  • Migrant teens from Central America to be housed in Farmington Hills

    Migrant teens from Central America to be housed in Farmington Hills

    Friday, August 1 2014 12:10 AM EDT2014-08-01 04:10:56 GMT
    Illegal immigrant teens from Central America to be housed in Farmington HillsTwenty-four illegal immigrant teens from Central America will soon be housed at Wellspring Lutheran Services in Farmington Hills, which has secured a federal contract. The immigration issue is a major one, and what seemed far, far away is now coming closer and closer to home."We've been watching this for six, eight weeks now, now it's Michigan," said William Largent, president and CEO of Meskwaki. the business arm of...
    Illegal immigrant teens from Central America to be housed in Farmington HillsTwenty-four illegal immigrant teens from Central America will soon be housed at Wellspring Lutheran Services in Farmington Hills, which has secured a federal contract. The immigration issue is a major one, and what seemed far, far away is now coming closer and closer to home."We've been watching this for six, eight weeks now, now it's Michigan," said William Largent, president and CEO of Meskwaki. the business arm of...
  • VIDEO: Witness says man roughed up by Clinton Township police, hospital security

    VIDEO: Witness says man roughed up by Clinton Township police, hospital security

    Thursday, July 31 2014 11:25 PM EDT2014-08-01 03:25:38 GMT
    In a video spreading across social media, a Michigan man says police and hospital security roughed up a man.
    In a video spreading across social media, a Michigan man says police and hospital security roughed up a man.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

WHBQ-TV | Fox 13
485 S. Highland St.
Memphis, TN 38111

Main Station: (901) 320-1313
Newsroom: (901) 320-1340

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices