Regional News
Mammoth Lakes Chap. 9 Case Dismissed
Tuesday, November 20, 2012
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Judge dismisses bankruptcy case after town reaches a settlement over $43 million owed to a developer, its largest creditor.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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