First Stockton, Now Mammoth Lakes On March 11, 2012, we blogged about Stockton’s fiscal plight and effort to take advantage of a new California law, AB 506, to mediate with its creditors. The law positions bankruptcy as a last resort, after the municipality has exhausted other means for working out it financial problems. […]
Big File the next story with the late Senator Everett Dirksen’s quip, "A million here, a billion there, pretty soon, you’re talking real money". On March 22, 2012, Reuters reported, “JPMorgan Chase quietly paid $384 million [$373.3M plus interest] to American Century Investment Management after losing an arbitration over accusations of breaches […]
Mandatory Arbitration Provisions: Will They Undermine the Benefits of Securities Law Regulation? In the March 12, 2012 National Law Journal, Gonzaga University professor and former law school dean Daniel Morrissey uses the example of The Carlyle Group L.P., involved in a showdown with the SEC, as a springboard to launch his argument that mandatory […]
AB 506: A Life Saver in a Fiscal Storm for Sinking City? In the March 10, 2012 Los Angeles Times, Diana Marcum poignantly reports about the fiscal plight of the port city of Stockton, and its human cost. Stockton has descended from boom to the brink of bankruptcy. Thriving back in 2004, Stockton has […]
Collision Between Mediation and Open Meeting Requirements L.A. Chung reports in the Los Altos Patch March 6, 2012 edition that the Los Altos School District abruptly cancelled a closed-door mediation with the Bullis Charter School 90 minutes before the session was to occur because of concerns about the Ralph M. Brown Act (Gov. Code […]