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Judge to Rule on Stay in Stockton Bankruptcy Case Next Week

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Stockton’s appearances in federal bankruptcy court are not over yet, but they are becoming shorter, the Stockton Record reported today. The city’s lone dissident chapter 9 creditor, Franklin Templeton Investments, argued yesterday that Judge Christopher Klein should stay his October ruling that confirmed Stockton’s bankruptcy reorganization plan. Stockton argued to the contrary. At the end of a 60-minute hearing, Judge Klein said he would reveal his decision on the stay at another hearing next Tuesday.