CalPERS Can't Block San Bernardino's Ch. 9 Proceeding

Law360, Los Angeles (September 18, 2013, 8:02 PM EDT) -- A California bankruptcy judge granted judgment in favor of the city of San Bernardino, Calif., on Tuesday, rejecting protests from the California Public Employees' Retirement System and finding that the city is eligible for Chapter 9 bankruptcy relief and can begin proceedings.

The decision comes more than a month after CalPERS asked a federal judge to stop San Bernardino from proceeding with its municipal bankruptcy, arguing that the city's failure to plan should bar it from insolvency protection. The city should not be allowed to turn...
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

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.