Bankruptcy
Nov. 1, 2014
Judge approves Stockton's bankruptcy plan, leaves employee pensions intact
Just a month after declaring public employees' pensions can be trimmed in bankruptcy cases, a federal judge Thursday spared employees of Stockton from retroactive pension cuts and approved the city's debt restructuring plan.
Daily Journal Staff Writer
SACRAMENTO - Just a month after declaring public employees' pensions can be trimmed in bankruptcy cases, a federal judge Thursday spared employees of Stockton from retroactive pension cuts and approved the city's debt restructuring plan.
"I'm satisfied the plan has been proposed in good faith," U.S. District Judge Christopher Klein said, noting negotiations by the city resulted in ...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In