Litigation
Dec. 25, 2012
Judge declines to make San Bernardino pay CalPERS amid city's bankruptcy proceedings
The California Public Employees' Retirement System may not get preferential treatment as a creditor in municipal bankruptcies, a bankruptcy judge ruled Friday in a hearing involving San Bernardino's Chapter 9 bankruptcy petition.
Daily Journal Staff Writer
RIVERSIDE - The California Public Employees' Retirement System does not get preferential treatment as a creditor in municipal bankruptcies, a bankruptcy judge ruled Friday in a hearing involving San Bernardino's Chapter 9 bankruptcy petition.
U.S. Bankruptcy Judge Margaret A. Jury denied a motion in which CalPERS, the nation's largest pension fund, sought exemption from an automatic stay o...
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