Business & Real Estate

Ex-CalPERS counsel joins law firm in Seattle

Peter Mixon, the former general counsel of CalPERS, has been named a partner in the Seattle office of international law firm K&L Gates LLP, the same firm that is representing the pension fund in the high-profile Stockton bankruptcy case.

Mixon left CalPERS last fall after 17 years with the big pension fund. He was named general counsel in 2002. Mixon was replaced several months ago by Matthew Jacobs, a partner in the Sacramento office of DLA Piper.

Three lawyers from K&L Gates, including two from the Seattle office, are representing CalPERS in the Stockton bankruptcy. CalPERS suffered a potentially major setback Wednesday when the judge said Stockton has the right to reduce pension contributions.

The full impact of the decision won’t be known until the judge decides whether to approve Stockton’s reorganization plan, which calls for paying CalPERS in full. A bond creditor scheduled to receive $4 million on a $36 million debt has objected, saying Stockton should have to scale back its pension contributions to CalPERS in order to earmark more money for its bond debt.