Bankruptcy
Feb. 12, 2015
CalPERS won the battle, but not the war
Much has been written and much has been said about the Chapter 9 proceeding involving the city of Stockton. By Ivan L. Kallick
Much has been written and much has been said about the Chapter 9 proceeding involving the city of Stockton. In re City of Stockton, California, 12-32118-C-9 (Bankr. E.D. Cal.).
In October 2014, U.S. Bankruptcy Judge Christopher M. Klein verbally announced in open court his decision to confirm the city's Chapter 9 plan of adjustment. What followed, earlier this month, is Klein's 54-page written decision confirming the c...
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