Southeast

A federal judge has scheduled a hearing for Dec. 8 to consider a motion for relief sought by 50 retirees who are suing the city of Prichard, which filed for municipal bankruptcy in October.

BRADENTON, Fla. — Saying that Jefferson County, Ala.’s sewer debt crisis has gone on too long, a grassroots organization of business leaders is trying raise public support to press local politicians and the county’s creditors for a solution.

BRADENTON, Fla. — The Cullman County, Ala., Health Care Authority tomorrow plans to issue $75 million of fixed-rate revenue refunding bonds and pay a swap termination fee to restructure its debt portfolio.

DALLAS — Voters in East Baton Rouge Parish, La., on Saturday overwhelmingly opposed a request for tax hikes to support $901 million of bonds that would finance infrastructure upgrades and economic development efforts.

WASHINGTON — The University of North Carolina at Chapel Hill next week expects to issue $224 million of tax-exempt debt and Build America Bonds, which will be used to finance or refinance the costs of certain capital projects.

BRADENTON, Fla. — Jefferson County, Ala. on Friday filed a lawsuit against JPMorgan, Blount Parrish & Co., Charles LeCroy, Douglas MacFaddin, Larry Langford, William Blount, and Albert LaPierre for their roles in the county’s $3.2 billion of troubled sewer refinancings and swaps

BRADENTON, Fla. — Former Jefferson County, Ala., commissioner Mary Buckelew will serve no prison time for lying to a grand jury about expensive gifts and spa treatments she received to influence her vote in connection with $3.2 billion of debt and swaps sold for the county’s sewer system.

BRADENTON, Fla. — Stressed community development districts in Florida this month have told bondholders that they continue to rely on reserves to make debt ­payments. Some have filed notices of default and analysts expect their number to increase.

WASHINGTON — The Virginia College Building Authority tomorrow expects to competitively sell $237 million of revenue bonds for nine public higher education institutions, which may lose up to 15% of their state aid this fiscal year.

BRADENTON, Fla. — Former Birmingham, Ala., Mayor Larry Langford has filed a motion for new trial on pay-to-play charges and requested that the judge set aside his conviction because, among other reasons, the jury didn’t deliberate long enough.