Law is Going To Be Made in CalPERS’ Challenge of Stockton – Even if it Leads to the Supreme CourtOctober 11, 2012 – In The News
The city of Stockton, California's bankruptcy will impair the California Public Employees Retirement System (CalPERS) -- making many believe the Supreme Court will weigh in.
“This is a weighty enough issue that I don’t think Judge (Christopher) Klein’s determination is going to be the last word,” said Michael Sweet, a partner with Fox Rothschild. “Whether CalPERS can be impaired is the kind of thing that doesn’t stop at the trial level, no matter which side comes out on top.”
“Law is going to be made here,” Sweet added.
(This article was originally printed in Debtwire and reprinted on Financial Times)