CHICAGO — J. Foster Clark was set to become president of the National Association of Bond Lawyers last night and William A. Holby was to be elected as president-elect to succeed him next fall. Clark, a partner with Balch & Bingham LLP in Birmingham, Ala., succeeds Carol L. Lew, a shareholder at Stradling Yocca Carlson & Rauth in Newport Beach, Calif. who will remain on the board as immediate-past president. Holby is a partner at King & Spalding LLP in Atlanta. At their annual business meeting here, NABL members also were to elect Kathleen Crum McKinney, a shareholder with Haynsworth Sinkler Boyd PA in Greenville, S.C., as treasurer, and John M. McNally, a partner with Hawkins Delafield & Wood LLP in Washington, as secretary. The meeting was held in conjunction with NABL’s Bond Attorneys’ Workshop.McKinney succeeds Holby as treasurer and McNally succeeds McKinney as secretary. The NABL members also were scheduled to elect four new lawyers to their board: Kristin H.R. Franceschi, a partner at DLA Piper US LLP in Baltimore, Brenda S. Horn, a partner at Ice Miller LLP in Indianapolis Charles P. Shimer, a partner at Troutman Sanders LLP in Richmond, and Michael L. Spain, a partner at Fulbright & Jaworski LLP in San Antonio. The four lawyers who were to leave the board were: Walter J. St. Onge 3d, a partner at Edwards Angell Palmer & Dodge LLP in Boston, Meghan B. Burke, a member of Mintz Levin Cohn Ferris Glovsky and Popeo PC in Boston, John O. Swendseid, a member at Swendseid & Stern, an affiliate of Sherman & Howard LLC in Reno, and Scott R. Lilienthal, a partner at Hogan & Hartson LLP in Washington.
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"Bond market investors are all wishing that April was behind us as they are anxious to hear the Fed's statement at its next FOMC meeting," noted BofA Global Research. "The statement should be no surprise as the market consensus has converged to 'higher for longer' rates.
April 26 -
CDIAC's revamped website, which launches May 1, will offer accessibility to state and local debt from issuance through maturity; and the ability to create summary reports based on search features.
April 26 -
The Governmental Accounting Standards Board is looking for feedback on disclosure requirements related to infrastructure projects.
April 26 -
The MSRB is warning investors that the redemption of Build America Bonds under an extraordinary redemption provision could result in losses, especially for those purchased at a premium.
April 26 -
With billions of federal funding available from the Infrastructure Investment and Jobs Act, one observer says it could be limiting the amount of municipal bonds issued by the sector.
April 26 -
Teague, most recently an executive director of the municipal securities department at Morgan Stanley, will focus on surface transportation.
April 26