Bankruptcy

Environmentalists urge Louisiana Gov. Bobby Jindal to back a lawsuit seeking damages from oil and gas operations.

Ambac Assurance Corp will make supplemental payments on some policies in a segregated account that the company established to hold troubled liabilities during its bout with bankruptcy.

Jefferson County, Ala.'s disclosure statement won approval in Birmingham federal court Tuesday, after Federal Judge Thomas Bennett struck down objections to the bankruptcy plan.

Cynthia Thomas is the executive director of the Retirement Systems of the City of Detroit. She is the latest participant in IMMP's "5 Questions."

A second Michigan government is delaying its bond sale amid concerns over fallout from Detroit's bankruptcy.

In a response to an audit from the state controller's office, Stockton, Calif. officials said it did not provide any new information and instead slows down the city's recovery.

Detroit emergency manager Kevyn Orr has hired Christie's Appraisals to appraise the collection of the Detroit Institute of Arts.

In an audit of Stockton's finances, California Controller John Chiang says city officials should have seen the warning signs of trouble that sent Stockton into bankruptcy.

The San Bernardino Public Employees Association could withdraw its opposition to the city's eligibility to be in bankruptcy if the two parties reach an agreement on the union's contract.

Objections to Jefferson County, Ala.'s Chapter 9 bankruptcy disclosure statement will be heard by a federal court Tuesday as the county opposes $2.6 billion in claims for payments made by one objector.

Detroit expects to file a final plan of adjustment by the end of the year, months ahead of a proposed March deadline, attorneys for the city told the federal judge overseeing the bankruptcy case.

Harrisburg, Pa., receiver William Lynch denies that Detroit's bankruptcy filing had anything to do with creditors in Pennsylvania's capital moving toward a consensus.

The federal judge overseeing Detroit's bankruptcy case may weigh in this morning on the city's one and only creditor settlement, which terminates a series of interest-rate swaps hedging its pension certificates.

Moody's Investors Service Thursday downgraded Wayne County, Mich., which includes Detroit, to Baa3, the lowest investment-grade rating.

A new analysis from Morningstar weighs in on the debate over the size of Detroit's pension liability, suggesting that current pension fund assumptions fall mostly within accepted industry standards.

Preliminary results show a majority of bankrupt American Airlines' shareholders and creditors — which include some holders of the airline's $3.3 billion of municipal bonds — have signed off on a proposed reorganization.

The U.S. Bankruptcy Judge in the San Bernardino Chapter 9 case will appoint Gregg Zive, U.S. Bankruptcy Judge for the Reno, Nev., district, as mediator.

Charlotte is in court again fighting passage of a second bill by the North Carolina General Assembly transferring Charlotte Douglas airport's operations to a 13-member commission.

Any credit with Detroit in its name can expect to take a hit in the market, but for the Detroit Metropolitan Airport, the so-called Michigan penalty is nothing new, says CFO Terry Teifer.

Jefferson County, Ala., has proposed an aggressive timeline for exiting bankruptcy but objections have been lodged before the judge can even confirm the schedule.