CalPERS wins yet another hollow victory
Former San Bernardino Mayor Pat Morris ponders a question Wednesday, July 11, 2012, regarding the city council vote authorizing a bankruptcy filing outside San Bernardino City Hall in San Bernardino, Calif. (AP Photo/The San Bernardino Sun, Rick …
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Apple Accused Of A 'Bait And Switch' By Bankrupt Former Sapphire Supplier
(Reuters) – Creditors of GT Advanced Technologies complained in a bankruptcy court filing that the sapphire company may have gotten too little in its proposed settlement with Apple Inc over legal claims stemming from a deal to supply sapphire screens.
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Public pensions in California pass another bankruptcy test
Public employees and retirees in California absorbed a potentially devastating court ruling a little more than a month ago: Pension benefits can be legally slashed if their employers go bankrupt. The cities in a position to cut pensions, however, have …
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