By Karen Pierog and Steve Neavling (Reuters) – The city of Detroit filed a lawsuit against bond insurer Syncora Guarantee Inc claiming the company blocked an agreement the city hopes to conclude with major creditors involving revenue from the city's three casinos. The suit filed on Friday by Detroit's state-appointed emergency manager, Kevyn Orr, focuses on the city's estimated $ 15 million a month casino tax revenue. The city maintains Syncora told U.S. Bank, which controls the casino funds that were used as collateral in a deal with creditors, not to give up to $ 11 million a month to Detroit. …
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