SAN FRANCISCO — The California Supreme Court Monday tossed out felony charges against five of the six San Diego officials charged with violating state conflict-of-interest laws in connection with decisions they made that led to underfunding of the city employee pension fund.

The charges were brought in 2005, in the wake of a scandal that followed the city’s 2004 disclosure that it had not disclosed to bond investors the extent to which it had underfunded the pension system.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.