CHICAGO -- Chicago-Calumet Skyway bondholders have filed a petition in federal court to force Chicago to redeem $5.4 million of the $101 million of bonds the city defaulted on in 1963.

Ken Purcell, an associate attorney at Winston & Strawn, the law firm representing the bondholders, said the petition filed Friday in U.S. District Court for the Northern District of Illinois, marked the first time in the 19-year-old history of skyway bondholder litigation against the city that the bondholders have gone to court to force a redemption of the bonds.

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