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Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.
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    San Bernardino bankruptcy filing to set a precedent post image

    San Bernardino bankruptcy filing to set a precedent

    San Bernardino and its largest creditor, California Public Employees’ Retirement System, have made significant progress in recent negotiations, according to Reuters. The negotiations center on how much the city will pay the pension fund as part of the city’s bankruptcy filing. The city filed for protection under Chapter 9 of the bankruptcy law in August of […]

    Author: Joel R. Glucksman

    Link to post with title - "San Bernardino bankruptcy filing to set a precedent"
    Bankrupt San Bernardino Favors CalPERS Over Bondholders post image

    Bankrupt San Bernardino Favors CalPERS Over Bondholders

    The city council of bankrupt San Bernardino announced it will resume making payments to the state pension fund – the California Public Employees’ Retirement System, or CalPERS – to the chagrin of the city’s bondholders. Municipal lawmakers approved a new 14-month budget that will require it to prioritize some creditors over others. The council voted to continue […]

    Author: Joel R. Glucksman

    Link to post with title - "Bankrupt San Bernardino Favors CalPERS Over Bondholders"

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