Tag Archives: Financial Services Law
The Stockton Saga Continues: Untouchable Pensions on the Chopping Block?
Judge Christopher M. Klein’s decision to accept the City of Stockton’s petition for bankruptcy on April 1, 2013 set the stage for a battle over whether public workers’ pensions can be reduced through municipal reorganization. Stockton’s public revenues tumbled dramatically when the recession hit, leaving Stockton unable to meet its day-to-day obligations. Stockton slashed its police …
The Jobs Act: Improving Access to Capital Markets for Smaller Companies
On April 5, 2012, the Jumpstart Our Business Startups Act or “Jobs Act” was signed into law by President Obama with the stated purpose of increasing American job creation and economic growth by improving access to the public capital markets for emerging growth companies. Specifically, the Jobs Act: creates a new category of “emerging growth …
National Law Forum
