The 11th Circuit Court of Appeals has agreed to allow the Securities Industry and Financial Markets Association to file an amicus brief in appeals of various municipal bond rulings in Jefferson County, Ala.'s Chapter 9 bankruptcy case.

The main two issues in SIFMA's brief cover the county's appeal of the bankruptcy judge's decision to protect pledged special revenues securing the county's sewer warrants, and the judge's ruling that stripped the state court-appointed receiver's authority over the county's sewer system, which is under appeal by creditors.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.