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One piece at a time

22 July 2014 By Kevin Allison

Motown’s retirees have accepted the city’s $18 bln bankruptcy plan. But backers of $1.5 bln of pension debt remain important holdouts – and they have a point. The amount earmarked for rebuilding is also $1.5 bln. A lengthy appeal or a big settlement could put that pot at risk.

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