Bankruptcy

Former Rhode Island House Speaker Gordon Fox pleads guilty to federal charges of bribery, wire fraud and failure to file tax returns.

A California lawmaker introduced a bill that would add language to school district bonds that would protect investors in the event of bankruptcy.

Hospital credits could be hurt if the Supreme Court strikes down federal health insurance subsidies established by the Affordable Care Act, Moody's Investors Service said Tuesday.

Unions have weighed in with their brief as the Illinois Supreme Court prepares to hear oral arguments March 11 in the state's appeal of a lower court ruling voiding the legislative package that cut benefits for four of the state's five pension funds.

LaSalle County, Texas, is trying to take over operation of a for-profit prison after the private operator quit its contract for the damaged facility.

The demise of Doral Bank in Puerto Rico may lead to a default on more than $34 million in municipal bonds and notes.

Standard & Poor's revised its outlook to positive on Moberly, Missouri’s B issuer credit rating in the city's first good rating news since the sucralose factory debacle that cost it investment-grade ratings.

Two northwest Indiana counties will nail down the final details of their tax-exempt bond-financed bid for the bankrupt Indiana Toll Road over the next two weeks.

Standard & Poor's raised several Stockton, Calif. water system bond ratings

Standard & Poor's lowered its rating on Hillview, Ky.'s bonds four notches to BB-plus citing a potential $11.4 million damage assessment that could land the city in bankruptcy court.

A Rhode Island Superior Court judge rejected a motion by the state to delay the start of a suit challenging the landmark 2011 pension law as unconstitutional.

New York City public advocate Letitia James has filed a friend of the court brief in support of the Securities and Exchange Commission's pay-to-play restriction on investment advisers, which is under attack in a lawsuit filed by two state Republican parties last year.

Litigation seeking to block Chicago from implementing its 2014 pension reforms until a legal challenge is decided was put on hold at the plaintiffs' request.

A Feb. 23 New Jersey State Superior Court ruling saying pension contributions are contractually protected is a credit negative for the Garden State since it adds a further obstacle to cutting future employee benefits that will further pressure budgets, according to Moody's Investors Service.

Doral Financial Corp. has vowed to appeal a court decision in favor of Puerto Rico concerning $229 million in taxes.

Legislation that would allow government-owned corporations in Puerto Rico to reorganize through Chapter 9 may face an uphill battle after drawing a lukewarm reception from Republicans on a House panel Thursday.

Puerto Rico's Treasury said it won an appeal in its dispute with Doral Bank over $230 million.

Stockton's official bankruptcy exit set for Wednesday may be anticlimactic to some as a bankruptcy judge approved the city's plan of adjustment needed to exit in October.

New Jersey Gov. Chris Christie and the state's teacher's union have agreed to a "roadmap to reform" to begin solving the state’s pension challenges, the governor announced

A Colorado district court struck down the city of Aurora's plan to provide $300 million of subsidies for a Gaylord resort hotel, saying it violated the Taxpayer Bill of Rights amendment to the state constitution.