NEW YORK–(BUSINESS WIRE)–Reference is hereby made to that certain Limited Liability Company
Agreement of Gotham Motown Recovery, LLC (the “Company”),
dated as of February 5, 2016 (the “LLC Agreement”),
among Financial Guaranty Insurance Company, Detroit Retirement Systems
Funding Trust 2005 and Detroit Retirement Systems Funding Trust 2006.
Capitalized terms used herein and not otherwise defined herein shall
have the respective meanings ascribed to such terms in the LLC Agreement.
The Company is contemplating certain Major Decisions and, in connection
therewith, requests the consent and approval by the COPs Trust Members
at the direction of the Majority of Holders to such Major Decisions and
certain related matters pursuant to the LLC Agreement. If you would like
additional information regarding such Major Decisions, please contact
Derek Donnelly at (212) 312-3365 or by e-mail at [email protected]
to arrange for execution of an NDA. Following your execution and
delivery of an NDA, the Company will provide the relevant Decision
Information with respect to such Major Decision.
About GMR
GMR is a Delaware limited liability company formed to own, manage,
administer, and otherwise deal with certain assets received in
connection with the City of Detroit’s bankruptcy. Please visit www.gmrllc.net.
FORWARD-LOOKING STATEMENTS
The information contained in this press release contains
“forward-looking statements” – that is, statements related to possible
future events. Forward-looking statements often address expectations and
beliefs as to future performance, results and business plans. You should
not place undue reliance on forward-looking statements because they
speak only as of the date they are made and are necessarily subject to
risks and uncertainties that could cause actual results and performance
to differ materially from those expressed or implied by such
forward-looking statements. Forward-looking statements are based upon
management’s current expectations and beliefs concerning future events.
GMR undertakes no obligation to update or revise any forward-looking
statement, whether as a result of new information, future developments
or otherwise, except as required by law.
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Contacts
Derek Donnelly, (212) 312-3365
[email protected]
