Saturday, February 21, 2009

Orrick Argues for Vallejo Bankruptcy

Orrick Argues for Vallejo Bankruptcy: "With California's economic and budget woes capturing headlines this week, a three-judge panel of the 9th Circuit Court of Appeals heard arguments Thursday in Pasadena over one city's eligibility for bankruptcy protection."
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So far Vallejo, CA, has been the winner, but the municipal unions are challenging the city's eligibility for bankruptcy in court.

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