BRADENTON, Fla. - An Alabama Supreme Court ruling and an amendment to the state's constitution could prevent Jefferson County's bond insurers from getting a receiver appointed to oversee the county's financially ailing sewer system, a Denver attorney believes.

The court ruling and constitutional amendment, both of which occurred before Jefferson County sold $3.2 billion of sewer system debt, also could raise questions about whether the county properly disclosed them to investors when the debt was sold, said Jeffrey Cohen with Cohen & Associates PC, whose work includes municipal bankruptcy and creditors' rights. He is not affiliated with Jefferson County or its creditors.

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