Legal

The overhaul, approved by the General Assembly this week after years of delay and inaction, cuts benefits for most employees and retirees. It has a June 1 effective date, but could be delayed by the legal challenges.

Detroit might very well be only the first domino as the bankruptcy decision gives precedence to other government entities contemplating the same strategy.

A judge has given Detroit the green light to cut pensions as a way out of the largest municipal bankruptcy in U.S. history, a decision that puts the case in the laps of thousands of retirees who had hoped that the Michigan Constitution would protect them from getting smaller checks...

A federal appeals court has ruled that employers can require their workers to sign arbitration agreements waiving all rights to class action lawsuits over workplace grievances.

The judge turned down objections from unions, pension funds and retirees, which, like other creditors, could lose under any plan to solve $18 billion in long-term liabilities.

Illinois' unions don't like the proposed deal to reform the state's troubled pension system.