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Government

Nov. 11, 2011

California lawyer takes biggest US bankruptcy case

A California attorney will steer the largest municipal bankruptcy in U.S. history.

By Ben Adlin
Daily Journal Staff Writer

A California attorney will steer the largest municipal bankruptcy in U.S. history. Jefferson County, Ala. filed for Chapter 9 bankruptcy on Wednesday after a failed plan to refinance $3.1 billion in sewer bonds. Lawyer Kenneth N. Klee, a partner at Los Angeles-based Klee, Tuchin, Bogdanoff & Stern LLP and a professor at UCLA School of Law, is the county's bankruptcy counsel. The record for the largest municipal bankruptcy belonged to...

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