By Steve Neavling (Reuters) – The city of Detroit has filed a lawsuit against bond insurer Syncora Guarantee Inc, claiming the company is blocking an agreement the city hopes to conclude with major creditors, the Wall Street Journal reported on Friday. The suit filed on Friday by Detroit's state-appointed emergency manager, Kevyn Orr, focuses on the city's estimated $ 170 million a year casino tax revenue, the paper said. The city maintains Syncora told a bank that controls the funds not to give the money to Detroit. Representatives of Syncora could not be reached for comment. …
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