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Adding $374 million alleged in New York to the three other cases also filed by Johan Rosenberg brings the total damages claimed to $1.58 billion.
May 22 -
Lawmakers agreed to get bids for the state-owned utility, although a final decision on a sale won’t be made until 2020.
May 22 -
U.S. Justice Department responds to hedge funds seeking reimbursement for Oversight Board impairments to bonds.
May 22 -
The measure, backed by Gov. J.B. Pritzker, cleared the House Revenue and Finance Committee on a party-line vote.
May 21 -
Moody’s Investors Service named New Jersey and Illinois as the two states least prepared for a recession.
May 21 -
A spate of new deals came to market, topped by a New York State green bond deal and an offering from the Arkansas Development Finance Authority.
May 21 -
Trade issues with China should end with a deal, leaving the U.S. economy mostly unscathed, the Federal Reserve Bank of Boston president said.
May 21 -
The mayor took the oath of office Monday and faces decisions soon about how to handle unfunded pension liabilities along with rising debt service and labor costs.
May 21 -
Environmentalists threatened to file suit after Gov. Ron DeSantis signed a bill ordering studies and construction of the routes in rural areas of Florida.
May 21 -
The 10 most populous U.S. states that levy income taxes all saw April revenue spikes, in many cases after missing projections in the previous months.
May 21 -
The authority will 'hold their feet to the fire,' Chairman Patrick Foye said of the German conglomerate.
May 21 -
Among the topics on the plate for Laura Porter, Fitch Ratings' new head of public finance, are complex credits, special revenue legal focus and ESG factors and scoring. Porter believes there are still opportunities in this market and has the team to assist in these efforts. John Hallacy hosts.
May 21 -
The ripple effects of Puerto Rico's bankruptcy may be less onerous for state special revenue credits than some investors thought.
May 20 -
The Trump administration canceled $929 million of funding that had been appropriated for California high-speed rail.
May 20 -
A bid to stabilize New Jersey’s soaring pension and healthcare costs faces an uphill battle against the state’s Democratic governor and organized labor.
May 20 -
The MSRB is requesting comment on whether Rule G-23 is still relevant and whether it helps the MSRB achieve its objectives of protecting issuers and investors.
May 20 -
Texas lawmakers are taking unprecedented steps to limit local control of government, advocates for cities and counties say.
May 20 -
Justifying the latest bid to recover funds related to illegally issued debt, the board says the legislature failed to authorize the pension system bonds.
May 20 -
New York City’s economy grew 3.0% in the first quarter, Comptroller Scott Stringer reported on Monday.
May 20 -
Two Federal Reserve Bank presidents discussed how trade policy is effecting the economy; neither seemed ready to cut interest rates.
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