STATEMENT OF EMERGENCY FINANCIAL MANAGER

Detroit, MI – Robert C. Bobb, Emergency Financial Manager, Detroit Public Schools, this afternoon issued the following statement regarding settlement of a lawsuit with William Coleman:

“Immediately after arriving in Detroit Public Schools, I set out to move passionately to put this matter behind us and to move forward. I am very pleased that the school district is now able to do so. The resolution of this matter will enable us to continue to work with great speed to determine the full extent of the school district’s deficit, and to avoid the uncertainty of a trial and a continuing legal expense already totaling hundreds of thousands of dollars. The case was evaluated by an independent panel of lawyers representing both the plaintiff and the district, and the settlement reached was below what was recommended by that panel. “

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