Cornell University

Labor and Employment Law Program

16 E. 34th Street, 4th Floor, 212-340-2866

Municipal Bankruptcy and Financial Control Boards

July 11, 2013 - New York City

Co-Sponsored by The Scheinman Institute of Conflict Resolution and the Labor and Employment Law Program.


Click here to print the flyer for Municipal Bankruptcy and Financial Control Boards.

Many municipalities are facing difficult financial circumstances. Increasingly, collective bargaining is being conducted under the auspices of financial control boards and Chapter 9 Municipal Bankruptcy proceedings. This program brings together specialists in both municipal finance and public sector collective bargaining to discuss the challenges faced when bankruptcy and financial control boards are part of the bargaining process. Topics include:

Understanding Municipal Debt: The nature and rights of municipal bondholders, including practices prior to 2008 that affect the indebtedness of municipalities, such as auction rate securities and the non-debt "moral obligations" and whether they should be treated as debt. 

Overview of Chapter 9 U.S Bankruptcy Code—What Every Labor Practitioner Needs to Know: The essential elements of Chapter 9, with emphasis on how the collective bargaining relationship is implicated and when municipal unions may have an interest in intervening.  

Financial Control Boards: Examination of the purpose and effect of financial control boards contrasted to Chapter 9, with a focus on the difference in balance of power between bondholders and unions.

Discussion of the Impact on Collective Bargaining: The effect that bankruptcy and control boards have on the collective bargaining relationship.

Our speakers are:
Michael Cooper, Municipal Debt Expert 
Hanan B. Kolko, Meyer, Suozzi, English & Klein PC
Marc A. Levinson, Orrick, Herrington & Sutcliffe LLP
Tom Stokes, Former Board Member, Nassau Interim Finance Authority

Program facilitators are:
Esta R. Bigler, Director, ILR Labor and Employment Law Programs
Dan McCray, Director, Labor Relations Programs, Scheinman Institute on Conflict Resolution  

Thursday, July 11, 2013
8:30am – 12:00 pm (continental breakfast and program materials included)

Cornell ILR NYC Conference Center
16 East 34th Street, 6th Floor
New York, NY 10016

$150 (includes materials and refreshments)

CLE CREDIT: 3.0 NYS CLEs – Professional Practice (Transitional and Non-Transitional)

Offered in conjunction with Cornell Law School