Bankrupt San Bernardino Gears Up For CalPERS Face-Off

Law360, San Diego (October 17, 2012, 10:20 PM EDT) -- San Bernardino, Calif.'s bid to defer millions of dollars in payments to the California Public Employees’ Retirement System is setting the stage for a major legal battle over whether obligations to the nation's largest public pension fund can be impaired in bankruptcy, and a ruling in the city's favor may encourage more municipalities to file for Chapter 9, experts say.

Since July 31, San Bernardino has postponed making several payments totaling nearly $5.3 million to CalPERS in an effort to meet payroll obligations and provide essential...
To view the full article, register now.



Case Information

Case Title

City of San Bernardino, California

Case Number



California Central

Nature of Suit

Date Filed

August 1, 2012

Law Firms

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.