CRUCIAL RULING SOON TO COME REGARDING PENSIONS IN STOCKTON BANKRUPTCY CASE

Arguments in the Stockton bankruptcy trial wrapped up Wednesday without an inkling from a judge on whether the city’s flow of pension money to CalPERS can be curtailed to satisfy the demands of another creditor. Read more here: http://www.sacbee.com/2014/06/04/6458016/lawyer-defends-stocktons-decision.html#storylink=cpy ...Read More

Interesting Analysis of Public Pension Funds

For an interesting analysis of the hidden dangers of public pension funds, see the article by Andrew G Biggs in the WSJ of Monday, 12/16/13.  Mr. Biggs does an interesting analysis comparing funding levels and investment risks of public pension funds from approximately 1975 to present time.  He concludes that ...Read More

CONGRESS HALTS FAA’S FURLOUGH ABUSE

Congress overwhelming decided to reverse the Federal Aviation Administration’s sequester furloughs with a veto proof majority in response to the FAA’s furlough of all employees as the result of the Federal sequesters spending cuts.  The automatic spending sequester cuts resulted in a 4% reduction in the FAA’s budget.  In response, ...Read More

UNDERFUNDED PENSION SYSTEMS: TOUGH CHOICES LAY AHEAD FOR PENSION MANAGERS

Managers of some of Californian’s biggest public employee pension funds will face difficult decisions this year to shore up chronically underfunded pension systems.  By anyone’s account both CalPERS and CalSTRS are significantly underfunded.  That means that the pension systems do not have sufficient money, even assuming a set investment return ...Read More

IT’S OFFICIAL: CITY OF STOCKTON IS BANKRUPT

US Bankruptcy Judge Christopher Klein issued a ruling on April 1, 2013 that the City of Stockton was eligible for Chapter 9 Bankruptcy proceedings.  Judge Klein’s ruling comes after a 3 day trial where certain creditors of the City, particularly Wall Street companies that either bought Stockton’s bonds or insured ...Read More

Feds Decide to Retry Four Fresno Officers

  The Federal Government announced on Monday, March 18th, 2013 that they would retry Fresno police officers Christopher Coleman, Paul Van Dalen , Sean Plymale and Michael Manfredi for a second time following a hung-jury mistrial from a month before. Following a 5 week trial, the jury was deadlocked 9 ...Read More

Federal Prosecutors Missing Their Victim and Complaining Witness in Fresno Police Brutality Case

FOR IMMEDIATE RELEASE: January 9, 2013 Federal Prosecutors Missing Their Victim and Complaining Witness in Fresno Police Brutality Case Fresno, CA January 9, 2013– U.S v. Christopher Coleman, Paul Van Dalen, Sean Plymale and Mike Manfredi The trial of began Tuesday before Judge Anthony W. Ishii in the U.S. District ...Read More

Jury Selection Complete Despite Batson Challenge in Fresno Excessive Use of Force Trial.

FOR IMMEDIATE RELEASE: January 10, 2013 Jury Selection Complete Despite Batson Challenge in Fresno Excessive Use of Force Trial. Fresno, CA January 10, 2013– U.S v. Christopher Coleman, Paul Van Dalen, Sean Plymale and Mike Manfredi Judge Anthony Ishii finally swore in a jury of 12 plus four alternates at ...Read More

Paul Goyette on ABC 30: Excessive force trial begins for 4 police officers in Fresno

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