Bankruptcy

Kansas has received $62.2 million in its annual tobacco settlement payment, according to Attorney General Derek Schmidt.

U.S. Rep. Tony Cardenas told the manufacturer of the popular Sriracha hot sauce if Irwindale, Calif. doesn't want your factory the San Fernando Valley will take it.

Rhode Island Superior Court Judge Sarah Taft-Carter rejected a motion by state officials to dismiss a lawsuit that challenged the 2011 pension overhaul law.

Public finance experts cite greater awareness about the need to think beyond immediate crisis management.

Detroit's Bankruptcy Judge Steven Rhodes Thursday ordered Detroit and three counties into mediation to try to hammer out a stalled deal to create a new regional authority to run the city's massive water and sewer system.

Restitution from seven corrupt former Bell, Calif. city leaders is expected to total more than $18 million, but the city's current finance director isn't convinced the city will see that money.

Detroit's two pension funds have reached a settlement with the bankrupt city that features dramatically lower cuts than originally proposed.

Financial Guaranty Insurance Company received a $584 million cash payment from Bank of America as they settled a lawsuit over nine mortgage-backed securities insured by FGIC.

Detroit emergency manager Kevyn Orr defended the city's bankruptcy and talked about the deal with unlimited-tax general obligation bondholders and the importance of future capital markets access in a wide-ranging exclusive interview with The Bond Buyer.

With the help of mediators, Detroit reached a settlement with its police and fire retirees, one of the thorniest parts of the city's historic Chapter 9 bankruptcy.

An Austin grand jury will consider evidence that Texas Gov. Rick Perry violated the law by cutting off funding for the Travis County District Attorney's anti-corruption unit as it investigated his office.

One judge was used to the limelight, the other wasn't. But Thomas Bennett and Mary France found themselves in the glare as they oversaw high-profile Chapter 9 cases.

Detroit bankruptcy Judge Steven Rhodes' decision to hire a municipal finance expert to review the city's bankruptcy plan attracted responses from five professionals, including a few well-known public finance figures.

Detroit's proposed settlement with its unlimited-tax general obligation bondholders is a positive development for the bondholders and insurers that wrap the debt, Moody's Investors Service said in a comment released Monday.

The municipal bond system is "set up not to be fair to the issuers," former Harrisburg receiver David Unkovic said at a conference in Pennsylvania's capital.

Puerto Rico's Supreme Court has declared unconstitutional the teachers' pension reform passed by the Puerto Rico government in December.

Detroit's historic bankruptcy case gained momentum with court approval of a controversial interest-rate swaps settlement and a deal on its unlimited-tax general obligation bonds, but challenges still lay ahead, legal experts said.

Four retired Chattanooga, Tenn., police and firefighters attempting to block recent pension reform measures filed suit against the city and pension fund.

Market participants believe Detroit's settlement with three bond insurers Wednesday is a breakthrough in the city's bankruptcy proceedings, even though it is not final and leaves many questions unanswered.

A Denver District Court judge has dismissed a lawsuit seeking to block $300 million of tax incentives for a Gaylord resort hotel.