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Special District Risk Management Authority

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NEWS
February 7, 1995 | GREG JOHNSON and SUSAN MARQUEZ OWEN, TIMES STAFF WRITERS
An obscure agency that handles insurance matters for cities in Orange County has asked U.S. Bankruptcy Judge John E. Ryan to toss out the bankruptcy petition that Orange County filed on behalf of its troubled investment pool. The Sacramento-based Special District Risk Management Authority, which has $1.1 million invested in the troubled pool, also complained that the county has failed to give investors timely information about the bankruptcy.
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NEWS
February 7, 1995 | GREG JOHNSON and SUSAN MARQUEZ OWEN, TIMES STAFF WRITERS
An obscure agency that handles insurance matters for cities in Orange County has asked U.S. Bankruptcy Judge John E. Ryan to toss out the bankruptcy petition that Orange County filed on behalf of its troubled investment pool. The Sacramento-based Special District Risk Management Authority, which has $1.1 million invested in the troubled pool, also complained that the county has failed to give investors timely information about the bankruptcy.
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NEWS
February 17, 1995
The Municipal Water District of Orange County joined in a legal challenge to the bankruptcy petition by the Orange County investment pool Thursday, said attorney Joel Miliband, who is representing the district. The water district is the third pool participant to file such a motion. The Sacramento-based Special District Risk Management Authority filed last week and the Yorba Linda Water District filed its motion earlier this week.
NEWS
April 1, 1995 | GREG JOHNSON, TIMES STAFF WRITER
U.S. Bankruptcy Court Judge John E. Ryan on Friday warned lawyers in Orange County's increasingly complex bond pool bankruptcy case not to expect excessive fees at a time when county employees are being laid off and public services are being slashed. "The county is going through dramatic days," Ryan said. "It is not going to be said that the only group that benefited from this (bankruptcy) are the attorneys.
NEWS
February 14, 1995 | DEBORA VRANA, TIMES STAFF WRITER
The Yorba Linda Water District on Monday moved to challenge the bankruptcy petition filed by Orange County on behalf of its troubled investment pool, the second such challenge filed by an investment pool participant against the county this month. The water district, which had about $2.6 million invested in the county's pool when the bankruptcy was declared, asked U.S. Bankruptcy Court Judge John E.
NEWS
March 25, 1995 | GREG JOHNSON, TIMES STAFF WRITER
Orange County has been in the financial intensive care unit since filing its bankruptcy petition Dec. 6. But during hearings scheduled to begin Tuesday, investors in the county's loss-riddled bond pool will ask U.S. Bankruptcy Court Judge John E. Ryan to declare the patient healthy enough to leave ICU. It's part of a behind-the-scenes battle that has seen high-priced lawyers methodically file more than 1,000 documents in the complex case since the county tumbled into bankruptcy protection.
NEWS
March 25, 1995 | GREG JOHNSON, TIMES STAFF WRITER
Orange County has been in the equivalent of a financial intensive-care unit since filing its bankruptcy petition on Dec. 6. But during a string of hearings scheduled to begin on Tuesday, a handful of investors in the county's bankrupt bond pool will ask U.S. Bankruptcy Court Judge John E. Ryan to declare the patient healthy enough to move to the general ward.
BUSINESS
January 27, 1995 | SUSAN MARQUEZ OWEN and GREG JOHNSON, TIMES STAFF WRITERS
Cash-strapped school districts, cities and other government agencies will receive more than $220 million in property tax money from the county, under a ruling issued Thursday by U.S. Bankruptcy Court Judge John E. Ryan. Local governments have been clamoring for the tax payments since the county plunged into bankruptcy on Dec. 6 and announced that it would withhold the money.
NEWS
May 25, 1995 | JODI WILGOREN, TIMES STAFF WRITER
A federal judge has dismissed the bankruptcy filing of the Orange County Investment Pools, ruling that the portfolio run by former Treasurer-Tax Collector Robert L. Citron for some 200 local government agencies does not qualify as a municipality under the bankruptcy code. The ruling by U.S. Bankruptcy Judge John E.
NEWS
June 13, 1995 | JODI WILGOREN and DEBORA VRANA, TIMES STAFF WRITERS
Orange County's plan to postpone repayment of nearly $1 billion in short-term debt came under a broad legal attack Monday, raising the specter of the deal collapsing and the county defaulting on notes coming due this summer. At least four separate groups representing bondholders and participants in the county's failed investment pool filed legal objections, claiming the proposed debt rollover is essentially unfair and goes too far in doling out rights to various creditors.
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