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Stockton Fights Franklin Bid To Reduce $545M Retiree Claims

By Jamie Santo (December 1, 2014, 7:17 PM EST) -- The city of Stockton, California, urged a bankruptcy judge to reject a call from creditor Franklin Templeton Investments to trim retiree health benefits claims allowed under the city's Chapter 9 exit plan by more than $280 million, saying Wednesday that there is no legal basis for such a reduction....

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