Stockton Bankruptcy Seminar:
How 506 Has Changed California’s Collective Bargaining
September 18th, 2012 11-5:00
Holiday Inn Capitol Plaza, Downtown Sacramento
125 per guest including lunch
AGENDA
11:00-11:30 Registration
11:30-12:45 Where’s the Wall? – Lunch and Keynote
-review of 646 process and impact
-integration with 506
1:00-1:45 What Went Wrong? – Panel Discusses Getting to 506
-economy >national, State impacts, housing, sales, etc
-fiscal imbalance >planning, redevelopment, service demands, GASB
-labor agreements >long-term liabilities, pensions, health costs
-employer labor decisions >
1:45-2:45 What’s Going On? – The 506 process
-purpose to get agreement, roles of employees/capital markets/retirees
-confidentiality, good faith standard, equitable impacts
-mediator’s role and importance
-“The Ask” and its role as a preview pendency plan
-“negotiations” – distinction from MMBA to mitigation of pain
2:45-3:00 Break
3:00-4:00 What Can We Do? – 506 coalitions
-development and purpose of the coalition
-use and effectiveness
-maintaining the commitment
4:00-4:30 How Bad Is It, Really? – Chapter 9
-bankruptcy exists to void contracts and pay creditors in shares
-limit of Court authority in Chapter 9
-power of municipal decision-making
-nature of creditor group
-worst cases >void contract, reduce pension, delete retiree health
4:30-4:45 Who Can Help?
-question and answers
-follow-up services
To attend the seminar, please email Jennifer Coalson-Perez or call the Firm at 916-851-1900.
