Bond Issuers: Stockton's Bankruptcy Disclosure Statement 'Inadequate'

Bond Issuers: Stockton's Bankruptcy Disclosure Statement 'Inadequate'

SACRAMENTO, Calif. - Two financial companies that together hold more than $35 million in bonds for the public financing of the bankrupt City of Stockton, Calif., on Nov. 7 filed a brief in the U.S. Bankruptcy Court for the Eastern District of California objecting to the city's motion for approval of its plan of adjustment (In Re: City of Stockton, Calif., No. 1232118, Chapter 9, E.D. Calif. Bkcy.).

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