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‘Orr completely unprepared for bank negotiations’

Emergency Manager Kevyn Orr and his job performance took a beating in federal bankruptcy court Jan. 13. Attorneys presented closing arguments for and against the plan presented by Orr and his former law firm Jones Day to settle the city’s interest rate swap obligations. The EM and his advisers want approval from presiding Judge Steven Rhodes to borrow $350 million from Barclays bank. They will use $230 mill ...

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