Bond Insurer Syncora is Stubborn City Rival in Detroit’s Bankruptcy

June 26, 2014 – Media Mention

Stephen Selbst, chair of Herrick's Finance Litigation & Restructuring Group, is quoted in a Reuters report focused on bond insurer Syncora Guarantee and its emergence as Detroit's chief nemesis in the city's historic bankruptcy case. "If you're a holdout creditor, doing everything you can to make everyone else miserable is an old-fashioned strategy and the core of that is to make it so uncomfortable for the debtor that they want to come to the table and settle," Stephen explained.