CalPERS To Appeal San Bernardino Bankruptcy Ruling
On Thursday, CalPERS said it will appeal an August court ruling that allowed the city of San Bernardino to file for bankruptcy. The city owes CalPERS $17 million in overdue payments. In a press release, CalPERS stated it would file an appeal "on the grounds that [San Bernardino] did not consider alternatives to filing for Chapter 9 protection, did not file its bankruptcy petition in good faith and has not provided reliable financial information."
- "CalPERS Renews Bankruptcy Fight With San Bernardino" (Kasler, Sacramento Bee, 10/17).
- "California Pension Fund To Appeal San Bernardino Bankruptcy Eligibility" (Weber, Reuters, 10/17).