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Detroit bankruptcy creditor files objection

DETROIT (WKZO) -- A Detroit bankruptcy creditor is blasting mediators regarding the city's "grand bargain." On Tuesday, Syncora Guarantee Incorporated filed a scathing objection to Detroit's bankruptcy exit plan.

In the objection, the financial insurance giant accused court-appointed mediators of engineering a fraudulent plan to rescue city pensioners and preserve city-owned art at the expense of creditors. Syncora officials say they want U.S. Bankruptcy Judge Steven Rhodes to reject the "grand bargain" on the grounds that the mediation process was tainted.

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