Posts Tagged: stockton

News

Stockton tussles with final creditor

U.S. Bankruptcy Judge Christopher Klein, ruling disclosure was adequate, gave Stockton permission to circulate the debt-cutting “plan of adjustment” to all creditors for a vote on Feb. 10. An objection from one creditor can force a trial.

News

In Stockton, bond insurers are back at the table

Bond insurers who walked away from mediation last year before Stockton filed for bankruptcy are at the table this summer. A deal could avoid a precedent-setting legal showdown on whether public pensions can be cut in bankruptcy.

Attorneys for the city and bond insurers told U.S. Bankruptcy Judge Christopher Klein last week that mediation, presided

News

Key figure in Stockton bankruptcy plans to retire

A key planner of the Stockton bankruptcy, City Manager Bob Deis, plans to retire on Nov. 1, shortly before what could be a crucial public vote on a sales tax increase that has split the city council.

 

Deis battled with a police union that bought a house next to his home and subpoenaed his

News

New law blocks supplemental public pensions

A little-known private firm that has sold customized supplemental pensions to dozens of California cities, including bankrupt Stockton and San Bernardino, is prohibited from selling more by a pension reform bill that took effect this year.

 

Public Agency Retirement Services or PARS, sounding close to the “PERS” in CalPERS, can continue to offer other

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