Michael Sweet was quoted in the Law360 article
"Ch. 9 Appeals May Open Doors for Distressed Cities."
While the full text can be found in the January 8, 2014, issue of
the Law360, a synopsis is noted below.
With the city of San Bernardino heading to the Ninth Circuit for
a ruling on its Chapter 9 eligibility, and Detroit preparing for
its own potential legal battle, bankruptcy attorneys say judges are
likely to give the benefit of the doubt to the cities, not the
pension funds challenging the bankruptcies.
Decisions by appellate courts on these matters will most likely
provide guidance for lower courts on how strictly to apply
eligibility requirements.
"It certainly would be a significant ruling if the Ninth
Circuit did reverse [U.S. Bankruptcy] Judge [Meredith A.]
Jury's decision," said Michael Sweet. "Not only would
it be relevant in Stockton, but it could be — while not
binding as to Detroit — it could be persuasive in an appeal
of that eligibility decision."
