Alabama

Former Jefferson County commissioner Larry Langford has lost another bid to remain free while appealing his corruption conviction on pay-to-play charges related to the county's failed sewer warrants.

BRADENTON, Fla. — After a more than two-year search, Jefferson County, Ala., has hired its first chief financial ­officer.

BRADENTON, Fla. — Moody’s Investors Service yesterday said the Deepwater Horizon oil spill may ultimately result in negative credit impacts on state and local governments in Louisiana, Mississippi, Alabama, and Florida.

BRADENTON, Fla. — The federal judge presiding over the Alabama ­Public School and College Authority’s case that attempts to void a swaption with ­JPMorgan has agreed with a joint request to delay the trial more than four months.

BRADENTON, Fla. — Syncora Guarantee Inc. has filed a civil suit alleging that Jefferson County, Ala., and JPMorgan “fraudulently induced” it to provide more than $1 billion in insurance coverage for the county’s nearly $3.2 billion of variable- and auction-rate sewer warrants.

BRADENTON, Fla. — The Securities and Exchange Commission on Monday filed a motion in Alabama federal court announcing that it had reached proposed settlements in the civil securities fraud case against Montgomery bond dealer William Blount and his firm, Blount Parrish & Co., and local lobbyist Al LaPierre.

BRADENTON, Fla. — Birmingham, Ala., plans to use recovery zone economic development bonds in a “creative” way, according to city officials.

BRADENTON, Fla. — While former Jefferson County, Ala., Commission president Larry Langford must report to federal prison tomorrow to begin serving his 15-year sentence on pay-to-play charges, things could get worse for the 63-year-old dethroned Birmingham mayor.

BRADENTON, Fla. — A federal judge in Alabama has denied former Jefferson County Commission president and Birmingham mayor Larry Langford’s request to remain free on bond while appealing his federal conviction on pay-to-play charges.

BRADENTON, Fla. — Standard & Poor’s Tuesday said it removed Jefferson County, Ala.’s sewer and general obligation warrants from negative credit watch. The agency affirmed its C rating on the sewer warrants with a negative outlook and its B rating on the GOs with a “developing” outlook.

BRADENTON, Fla. — Attorneys for Larry Langford Tuesday filed a notice with the 11th U.S. Circuit Court of Appeals in Atlanta stating they intend to appeal his conviction.

ORLANDO, Fla. — Alabama federal Judge Scott Coogler Friday sentenced former Jefferson County Commission president Larry Langford to 15 years in federal prison for his role in a long-running play-to-play scheme centering around the county’s now-failed $3.2 billion of sewer warrants and swaps.

BRADENTON, Fla. — Federal prosecutors in Alabama Wednesday recommended that former Jefferson County Commission president Larry Langford be sentenced to a minimum of 24 years and four months and a maximum of 30 years and five months in prison.

BRADENTON, Fla. — A Jefferson County, Ala., circuit court judge Thursday ordered U.S. Bank to release $27.4 million so the county could make an arbitrage rebate payment on the 2004 fixed-rate school warrants that the county defaulted on earlier this month.

A long-planned project to expand the Birmingham-Jefferson Convention Complex with a domed stadium may be slowed once again because of the recession.

BRADENTON, Fla. — Former Montgomery, Ala., bond dealer William Blount and lobbyist Albert LaPierre are scheduled to be sentenced Friday in Alabama federal court after pleading guilty to pay-to-play charges related to Jefferson ­County’s troubled sewer debt.

Vestavia Hills City Council president David Carrington has announced he will run for a seat on the Jefferson County Commission that is opening this year.

WASHINGTON — The Securities and Exchange Commission is defending its antifraud authority over certain interest-rate swaps and urging a federal judge not to dismiss its suit against two former JPMorgan bankers for allegedly making more than $8 million in undisclosed payments to secure swaps for the firm with Jefferson County, Ala.

A regional business organization headquartered in Jefferson County is urging Alabama’s political leaders to solve the county’s sewer debt crisis.

BRADENTON, Fla. — Lawyers for ousted Birmingham, Ala., Mayor Larry Langford say the former Jefferson County commissioner who spearheaded the ill-fated refinancing of the county’s $3.2 billion of sewer debt will appeal his conviction on 60 federal charges.