03/12/2013 08:48 am ET Updated May 12, 2013

Michigan Gov. Rick Snyder's Top Pick For Detroit Emergency Financial Manager A Turnaround Expert

Kevyn Orr, a partner in the prestigious Jones Day law firm of Washington, D.C., is Gov. Rick Snyder's leading choice to become Detroit's emergency financial manager, assuming Snyder decides to go forward with proposing an EFM after today's hearing on the Detroit City Council's appeal in Lansing.

Sara Wurfel, Snyder's press secretary, would not comment on what she called "rampant speculation" about EFM candidates. However, several people with knowledge of the search process told the Free Press that Orr, 54, a University of Michigan graduate and business restructuring specialist who represented Chrysler in its 2009 bankruptcy, is the top choice.

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