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Franklin Templeton Investments

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.

05/12/2014

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.

05/12/2014