Posted by Isabella on 12:49 PM
Reuters: Bankruptcy News | Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com | |
U.S. bankruptcy judge rules against Calpers in San Bernardino Dec 21st 2012, 20:20 RIVERSIDE, California | Fri Dec 21, 2012 3:20pm EST RIVERSIDE, California Dec 21 (Reuters) - A U.S. bankruptcy judge ruled on Friday against an attempt by the California Public Employees Retirement System to bypass the bankruptcy court and seek to collect overdue pension payments from the bankrupt city of San Bernardino in state court. The motion by the largest U.S. pension fund was denied without prejudice, Judge Meredith Jury said. The ruling denies Calpers' request that the court lift the automatic bar on collection actions that comes with a bankruptcy filing. | |
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