January 30, 2013 at 19:35 PM EST
California's Stockton can pay claim opposed by bond insurers
SACRAMENTO, Calif., Jan 30 (Reuters) - The U.S. judge hearing the bankruptcy case of Stockton, California ruled on Wednesday the city does not need court approval to settle a $55,000 claim, a plan contested by capital market creditors and backed by the state's pension fund.
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