Stockton Case Could Rule Out Ch. 9 For Other Cities

Law360, San Diego (March 28, 2013, 11:04 PM EDT) -- A California federal judge is expected to rule Monday on whether creditors can stop Stockton from seeking Chapter 9 relief in what would be the largest-ever U.S. municipal bankruptcy, and attorneys say a decision blocking the bankruptcy would make it harder for distressed municipalities to meet eligibility standards and keep many from seeking Chapter 9 in the first place.

Following a three-day trial that wrapped up Wednesday, U.S. Bankruptcy Judge Christopher Klein is set to give an oral ruling on Stockton’s eligibility as a debtor at...
To view the full article, register now.



Case Information

Case Title

City of Stockton, California

Case Number



California Eastern

Nature of Suit

Date Filed

June 28, 2012

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.