Bankrupt San Bernardino Defends Plan To Repay CalPERS

San Bernardino, which filed for Chapter 9 municipal bankruptcy in 2012, has asked a judge to dismiss a lawsuit by two creditors over the city's plan to fully repay its debts to CalPERS. Ambac Assurance Corp., a New York bond insurer, and EEPK, a Luxembourg bank, in January filed a lawsuit seeking repayment for a $59 million bond issued by the city in 2005.

• "San Bernardino Defends CalPERS Payment Plan in Bankruptcy" (Kasler, Sacramento Bee, 3/16).