Bankruptcy

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.

Chicago and its south suburban neighbor Harvey have struck a $20 million settlement that resolves a dispute over the suburb’s delinquent payments for city-supplied water.

Jones Day, the law firm that oversaw Detroit's bankruptcy, said it cut its fee by $18 million, leaving a $58 million final tab that it defended as reasonable given the "cutting-edge" nature of the Chapter 9 case.

U.S. Bankruptcy Judge Christopher Klein has denied a request by Franklin Templeton Investments to stay Stockton's Chapter 9 bankruptcy exit.

Newly inaugurated Texas Gov. Greg Abbott, who sued President Obama 31 times as attorney general, promised to continue fighting the federal government in his first speech as chief executive of the Lone Star State.

Chicago's lawyers warn that the fiscal well-being of the city and its sister governments hangs in the balance as the Illinois Supreme Court considers whether the state's sovereign police powers trump constitutional protections against cutting pensions.

Oppenheimer Funds is looking over a judge's dismissal of its challenge to Rhode Island's plan to sell nearly $600 million in tobacco-settlement bonds.

A Rhode Island Superior Court judge dismissed a challenge by Oppenheimer Funds to the state's plan to sell nearly $600 million in tobacco revenue bonds.

Lazard Freres, which represented retirees in the Detroit bankruptcy, said it agreed to a 37% fee reduction as part of court-ordered mediation.

The pension lawsuit brought against New Jersey Gov. Chris Christie last year is now in the hands of a judge following a five-hour hearing on Jan. 15.

Menasha, Wisconsin, which fell into junk bond status after defaulting on notes tied to a power plant conversion project that went awry, has won back its investment grade rating from Moody's Investors Service.