Bankruptcy

Harrisburg, Pa., Mayor Eric Papenfuse on Friday signed off on a restructuring agreement for bonds tied to the city's Verizon Center building despite his objections, and called for an investigation into the original 1998 bond deal.

The appointment of an emergency manager for Atlantic City has led many to question whether the city is heading for bankruptcy, which would mark long uncharted territory for the Garden State.

Clarke Howatt, finance director for the Association of Bay Area Governments, is being sought by San Francisco law enforcement officials in the theft of $1.3 million in bond money from a regional planning agency, according to the San Francisco Chronicle.

Newly inaugurated Texas Attorney General Ken Paxton will not face prosecution from the embattled Travis County District Attorney's office for violating state securities law.

A taxpayers' group in San Diego County won a legal battle in its challenge to the way the school district spends its voter approved bonds.

Colorado lawmakers may get their day before the U.S. Supreme Court to challenge the Taxpayer Bill of Rights that requires voter approval of all tax increases in the state.

The trustee for the Santa Rosa Bay Bridge Authority's defaulted bonds wants a toll increase for the Garcon Point Bridge but north Florida residents are opposing the plan.

Two former Allen Park, Mich. officials have settled a Securities and Exchange Commission lawsuit against them by agreeing to be barred from involvement in any future municipal bond offerings, and ex-Mayor Gary Burtka agreed to pay a $10,000 civil penalty, according to court documents filed Wednesday.

A federal judge ordered the former comptroller of a Harvey, Ill., to pay more than $200,000 in fines and barred him from participation in any future municipal issues for his role in misleading investors on several of the south Chicago suburb's past bond offerings.

The Jan. 22 executive order signed by New Jersey Gov. Chris Christie to appoint an emergency management team to oversee Atlantic City's finances is a credit negative for other struggling Garden State municipalities, according to Moody's Investors Service.

A Medicare violation self-reported by the Mendocino Coast Health Care District could delay its efforts to exit Chapter 9 bankruptcy, according to a Standard & Poor's report.

It could be a crucial year for Detroit Public Schools as Michigan Gov. Rick Snyder, Detroit Mayor Mike Duggan and a newly created coalition of Detroit leaders take on problems at the long-troubled district.

California's attorney general's office needs two additional weeks to complete its required review of the proposed sale of non-profit Daughters of Charity Health System to for-profit Prime Healthcare.

The Georgia Supreme Court holds oral arguments Feb. 3 in three appeals opposing the public financing for the Atlanta Braves’ new stadium in Cobb County.

The Illinois Supreme Court denied requests by Chicago, other issuers, several civic groups, and a municipal lawyers group to file briefs supporting Illinois Attorney General Lisa Madigan's defense of state pension reforms.

Assured Guaranty will provide Kentucky's Paducah Power System with surety bonds to free up some debt service reserves at the cash-strapped utility, according to PPS officials.

Moody's Investors Service raised the Harris County Houston Sports Authority's subordinate debt to investment grade after settlement of a lawsuit with its bond insurer and financial restructuring.

The arrival of an emergency manager in Atlantic City, N.J. triggered a six-notch downgrade by Moody's Investors Service Friday, drawing criticism from the city's top financial official.

New Jersey Gov. Chris Christie put his state government in control of struggling Atlantic City Thursday, hiring an emergency manager and naming a key figure in Detroit's bankruptcy case as a consultant.

Opponents of North Carolina's plan to toll portions of Interstate 77 north of Charlotte have filed a lawsuit in an attempt to block the express-lane project.