Yesterday, Bankruptcy Court Judge John Peterson issued his written decision regarding whether the State of California should be granted relief from the bankruptcy automatic stay in order to pursue a civil enforcement action against Alfred R. Villalobos and his affiliated companies. Mr. Villalobos is a former member of the Board of Administration of the California Public Employees Retirement System (CalPERS). This spring, California Attorney General Jerry Brown filed a civil action alleging violations of California Corporations Code §§ 25216 and 25210 and Business & Professions Code Section § 17200.
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