CalPERS Again Seeks Appeal Of San Bernardino's Ch. 9 Status

Law360, Los Angeles (November 8, 2013, 7:12 PM EST) -- California's state pension system on Thursday again urged a California bankruptcy judge to certify its appeal to the Ninth Circuit of an order allowing the city of San Bernardino to move forward with its bankruptcy, saying the appeals court's precedent is inconsistent with the judge's ruling.

The decision comes after the California Public Employees' Retirement System challenged the bankruptcy judge's decision in October, saying the judge improperly glossed over key requirements for granting Chapter 9 protection. On Oct. 29, the bankruptcy court orally denied the request...
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