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Mar. 15, 2012
Orrick: Municipal Restructuring and Insolvency
As lead bankruptcy counsel for the city of Vallejo, Orrick put together a team of lawyers from relevant practices, including public finance, bankruptcy, tax, securities and litigation.
Daily Journal Staff Writer
Last autumn, the city of Vallejo became the largest California city ever to emerge from bankruptcy.
But the celebration was bittersweet. For the community of 120,000, it ended a turbulent three years of restructuring that saw deep cuts in services, multiple lawsuits, lower pay and benefits for public workers and a hit to the city's credit that will take years to repair.
"Ban...
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