CalPERS Seeks Permission to Sue Bankrupt San Bernardino Over Missed Pension Payments
The California Public Employees' Retirement System, the nation's largest public pension, makes frequent appearances in Recorder sibling publication The Litigation Daily as a lead plaintiff in securities class actions. But late Tuesday CalPERS made an unprecedented move in a very different venue: the municipal bankruptcy of San Bernardino. In an 11-page filing, CalPERS' lawyers at K&L Gates asked a federal bankruptcy judge in Riverside for permission to sue San Bernardino for falling behind in its contributions for municipal employee benefits. News of the filing was first reported by Reuters.
This article has been archived, and is no longer available on this website.
Not a LexisNexis® Subscriber?
LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via lexis.com® and Nexis®. This includes content from The National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.
ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.
For questions call 1-877-256-2472 or contact us at email@example.com