Bankruptcy

A special prosecutor is expected to be named next week to investigate whether Texas Gov. Rick Perry violated state law by threatening to veto funding for an ethics enforcement unit.

Officials overseeing bankrupt JeffCo get a lesson in "disclosure responsibilities" from disclosure expert John McNally, a partner at Hawkins, Delafield, & Wood.

In a blow to state pension reforms, a Michigan appellate panel struck down provisions in a 2011 law requiring a minimum contribution from state employees to remain in the state's defined benefit plan.

Two small revenue deals from Michigan — a state transportation refunding and a school district financing — found buyers this week at acceptable rates, breaking a logjam on issuance from the state following Detroit's bankruptcy filing.

Dallas-Fort Worth International Airport moved pricing on its latest bond sale ahead by one day.

Florida Gov. Rick Scott plans to sue Georgia in an attempt to stop the state's 'unchecked' fresh water consumption, which is parching Apalachicola oyster beds.

Ambac Financial Group, the bond insurer recently emerged from bankruptcy, reported $206 million of net income in the two months after the company's exit from Chapter 11, and $3.1 billion in income during the prior month.

The Justice Department and attorneys general from six states and the District of Columbia moved to block bankrupt American Airlines' proposed merger with US Airways under federal antitrust laws.

A New York state appeals court in Manhattan Tuesday reversed an earlier ruling and dismissed Syncora Guarantee's lawsuit accusing JPMorgan Chase of defrauding the bond insurer by misrepresenting a structured finance transaction.

The Arizona attorney general's office is looking into fund transfers and open meetings issues regarding the recent sale of the Phoenix Coyotes National Hockey League team.

The Michigan Finance Authority will sell $92 million of state aid revenue notes for the Detroit Public School District next week in the first market offering to carry the Detroit name since the city's bankruptcy filing.

Over the years, Detroit's financial deterioration and the city's downturn have been well documented, so its bankruptcy filing came as little surprise to most market participants. This point can be reinforced by Interactive Data's analysis below of six different bonds issued by Detroit and related entities, which are representative of the types of debt and structures Detroit has issued.

The MBTA defused a legal battle over disclosure, but not the controversy, by releasing details of generous payout to retired workers of Boston's transit system.

Moody's said Monday that "novel" refinancing plans proposed by bankrupt Jefferson County, Ala., and Detroit are being threatened by rising interest rates and raise risks for investors.

New York City can learn valuable lessons from Detroit's bankruptcy, Mayor Michael Bloomberg said, despite the contrasts between the two cities.

Herbert J. Sims' Richard Larkin does not believe that Detroit had to file for Chapter 9 municipal bankruptcy.

The California Supreme Court ruled in the Expo Line's favor on environmental challenges that could have shut down the $1.5 billion second phase of the light rail project linking Los Angeles and Santa Monica.

The privately owned Branson Airport LLC in Missouri --which is in default on its $113 million of municipal debt -- has filed a lawsuit against a group of airport contractors accusing them of faulty work.

A lawsuit by a spurned developer of a proposed $165 million entertainment center adjoining Irving, Texas', new convention center has been settled, clearing the way for a plan to resurrect the project.

The former chief of the Detroit Medical Center and the Wayne County sheriff will face off in November to be Detroit's mayor, a post that will hold little power until late 2014 at the earliest.