Bankruptcy Judge Christopher Klein on Friday cleared the way for Stockton, Calif., to cut health care benefits for retirees while it is in bankruptcy proceedings, Reuters reported on Friday. Stockton is seeking chapter 9 protection from its creditors and said that it would cut retiree health benefits while it reorganizes. Retired employees sued to stop those cuts. Judge Klein on Friday issued a temporary order denying the bid to stop the benefit cuts, and he said a formal decision was on its way.
