Southeast

Bankruptcy Judge Thomas Bennett ruled that Assured Guaranty Municipal Corp. cannot proceed with its lawsuit against JPMorgan in New York state court because it involves bankrupt Jefferson County, Ala.

Legislative efforts to phase out Louisiana's income tax were tabled on tax day over fears the bills would not pass.

The Florida Hurricane Catastrophe Fund Finance Corp. sold $2 billion of taxable bonds Wednesday that were oversubscribed by investors looking for yield, and at interest rates below what the agency anticipated.

Louisiana Gov. Bobby Jindal said he is open to all options to eliminate the state income tax sooner or later.

The legal work in municipal offerings is serious business, but there were few dull moments when bond attorney Elise Judelle was on the deal. Judelle, one of Florida's first female bond attorneys, retired March 29.

The Securities and Exchange Commission objects to further delay in the 2009 case against two JPMorgan bankers charged with bribing Jefferson County, Ala., commissioners and broker-dealers to win business.

The Miami Dolphins have reached agreement with Miami-Dade County for partial public funding of a nearly $400 million stadium modernization project.

First Southwest Co. says it will protest plans by issuers who cut broker-dealers out of financial advisory work.

Janet Cowell, the state treasurer of triple-A rated North Carolina, said the state may need to issue bonds or raise new revenue to pay for infrastructure needs.

New Orleans has been ordered to pay $17.5 million plus interest to the city firefighters' pension fund for its 2012 obligations.