Judge Rejects CalPERS’ Request To Challenge San Bernardino’s Bankruptcy Eligibility
On Friday, U.S. Bankruptcy Judge Meredith Jury rejected CalPERS' request to challenge San Bernardino's bankruptcy eligibility in the U.S. 9th Circuit Court of Appeals. In August, the judge ruled that San Bernardino was eligible for bankruptcy, dismissing CalPERS' argument that the city was trying to circumvent its pension obligations. Following Jury's most recent ruling, CalPERS said it plans to appeal the matter to a U.S. District Court judge.
- "CalPERS Loses Round in Bankruptcy Fight With San Bernardino" (Kasler, Sacramento Bee, 11/17).