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Detroit Mayor Bing Names Jack Martin as City's New CFO
Thursday, May 10, 2012
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CHICAGO — Detroit Mayor Dave Bing Thursday tapped Jack Martin to be the city's new chief financial officer and oversee its urgent efforts to stabilize finances and avoid bankruptcy.

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Lessons from litigation over interest rate derivatives may come into sharp focus as the time for Lehman to bring claims against counterparties who terminated derivative instruments shortly after its bankruptcy filing will expire.

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