- Stockton is due in court today for a four-day hearing today in which the bankrupt Californian city will attempt to win approval for a plan to pay creditor Franklin Resources (BEN) just 1% of the $35M that the company is owed.
- The case is rare, as these types of disputes are usually settled out of court. However, the hearing could presage a much larger showdown involving Detroit and its creditors.
- ETFs: MUB, HYD, BAB, PZA, MUNI, TFI, ITM, HYMB, MLN, CMF, SHM, BABZ, BABS, XMPT, PRB, SUB, SMB, SHYD, CXA, PWZ, PVI, SMMU, VRD, GMMB, RVNU
From other sites
at CNBC.com (Dec 3, 2014)
at CNBC.com (Oct 29, 2014)
at CNBC.com (Apr 28, 2014)
at CNBC.com (Sep 12, 2013)
at CNBC.com (Jul 30, 2013)
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