Franklin Templeton Investments

Grand Jury Report Hits Stockton Financial Decisions

Creditor Appeals Stockton’s Bankruptcy Plan

A major investment firm is challenging a court-approved bankruptcy plan for the California city of Stockton.


pension cuts

Stockton Workers Fear Pensions They Worked For May Be Slashed In Bankruptcy Settlement

A federal bankruptcy judge ruled Wednesday that Stockton’s pension issues were no different than its other bills, leaving the door open for the city to slash payments once thought protected.


stockton theater

Franklin Templeton Investments Opposed To Stockton’s Bankruptcy Plan

An attorney for the largest city in California to seek bankruptcy protection told a judge it has tried to reach a deal with its last major creditor, but the company is not budging.


A pedestrian walks by a Stockton Record newspaper rack displaying the headline 'Bankrupt!' on June 27, 2012 in Stockton, California. (Photo by Justin Sullivan/Getty Images)

Bankrupt Stockton Defends Financial Plan In Court

The largest city in California to file for bankruptcy protection is asking a judge Monday to approve its plan for reorganizing more than $900 million in long-term debt to rescue the city from two years of financial uncertainty.