BRADENTON, Fla. - In a long-awaited ruling late Friday, federal Judge David Proctor said that Jefferson County's sewer bond trustee and two insurers of the troubled sewer debt "are entitled to prevail on the facts" but he could not appoint the receiver they sought for the sewer system because the law favored the Alabama county.

In a 55-page opinion, Proctor also said the plaintiffs - sewer bond trustee Bank of New York Mellon, and the two biggest insurers of the sewer debt, Syncora Guarantee Inc. and Financial Guaranty Insurance Co. - should pursue a remedy in state court.

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