Craig Barbarosh, a partner in the Insolvency and Restructuring practice, was quoted in The Los Angeles Times, GOVERNING magazine and Law360 about a recent ruling from a federal bankruptcy judge regarding the City of Stockton’s bankruptcy and how it could impact the California Public Employees’ Retirement System (CalPERS). Acknowledging that pensions have no specific protections under the Bankruptcy Code but often get favorable treatment, Craig said, “In stakeholders’ minds, there’s something emotionally challenging about modifying pension claims.” (“Stockton Bankruptcy Ruling Could Deal Blow to CalPERS, Public Pensions,” October 1, 2014; “Stockton Bankruptcy Judge Rules Against Pensions,” October 2, 2014; "Stockton Pension Ruling Bolsters Case For CalPERS Reform," October 2, 2014)