San Bernardino’s Bankruptcy Eligibility To Be Decided At Hearing

Michael Sweet was quoted in the San Bernardino County Sun article "San Bernardino's Bankruptcy Eligibility to be Decided at Hearing." While the full text can be found in the August 27, 2013, issue of San Bernardino County Sun, a synopsis is noted below.

A hearing today for the city of San Bernardino, California, will decide whether the city is eligible for Chapter 9 protection. The formal bankruptcy plan will not be revealed by the city until eligibility has been determined.

"I don't think that is an unreasonable position for them (the city) to take, given how difficult a time they've had with CalPERS," Michael Sweet said. "Having said that, I do think the CalPERS argument - that it was disingenuous for the city to be here and be...