The California Public Employees' Retirement System won't be allowed to sue San Bernardino, Calif., to collect more than $5 million owed by the insolvent city, a judge ruled.
Bankruptcy Judge Rules Against CalPERS in San Bernardino Case
DEC 21, 2012 5:14pm ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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