Bondholders Sue San Bernardino; Could Derail CalPERS’ Deal – ValueWalk Premium
Calpers logo CaLPERs private equity

Bondholders Sue San Bernardino; Could Derail CalPERS’ Deal

Two creditors have formally challenged the bankrupt city of San Bernardino’s agreement with California's public pension system (CalPERS) to pay the fund in full when it produces a bankruptcy exit plan. Though CalPERS hasn’t been named in the lawsuit, it’s reviewing the case.
Challenge for CalPERS
San Bernardino issued bonds to raise money to fill a hole in its retirement fund, which is administered by CalPERS. The bankrupt city also makes . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk
0