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Attorneys for Detroit respond to creditor filing

DETROIT (WKZO) -- Attorneys for the City of Detroit have responded to a legal filing by a creditor that stands to lose millions of dollars in the city's bankruptcy case. Lawyers called Syncora Guarantee's claim that the "grand bargain," a deal to help city pensioners and protect artwork at the Detroit Institute of Arts, is "fraudulent" shows the company is desperate.

In a brief filed with the bankruptcy court, city attorneys describe the creditor as offering "distortions, half-truths, and outright falsehoods" in a filing with the court weeks ago. The trial on the City of Detroit's plan to exit bankruptcy is scheduled to begin August 29th.