Bankruptcy

Chicago settled a legal dispute with the private operators of its parking meter system over lost revenue in an agreement that modifies the much maligned lease and could save the city as much as $1 billion over the next seven decades.

A U.S. Supreme Court ruling on Texas' right to draw water from Oklahoma could have a major impact on interstate water compacts across the nation, experts said.

The Securities and Exchange Commission has filed a lawsuit against Victorville, Calif., a city official, the Southern California Logistics Airport Authority, and underwriter Kinsell, Newcomb & DeDios, charging them with defrauding investors by inflating valuations of property in connection with a 2008 bond offering.

A small health care district in Northern California, the Mendocino Coast Health Care District, is still slogging its way through Chapter 9 bankruptcy and hopes to exit this summer without impairing bondholders.

Several Kansas City Missouri business owners behind a lawsuit challenging the legality of the funding mechanism for the city's proposed $102 million downtown streetcar filed an appeal of the district court's dismissal.

Ontario, Calif., officials filed a claim on April 11 seeking to dissolve a joint powers agreement in an attempt to wrest control of its local airport away from Los Angeles World Airport.

Moody's Investors Service said Wednesday that it is closely watching several key events throughout 2013, including five scheduled debt-service payments, for any impact on the city's already junk-level credit rating.

An Orange County Grand Jury published a scathing 35-page report documenting what it sees as a pattern of corruption in Orange County, Calif. and recommending county supervisors establish a blue ribbon ethics commission.

A hearing in Alabama federal court will consider a motion by Bank of New York Mellon, which wants a detailed review of bankrupt Jefferson County's sewer system finances, studies, assets, and future plans.

As Detroit embarks on a massive restructuring of its long-term debt, the city's decisions over the years to wrap nearly all its bonds with insurance may prove as much a benefit to the city as to its bondholders.

Perri Irmer, the former executive director of the Illinois Sports Facilities Authority, is accusing the former board chairman and the Chicago White Sox owner of improperly ousting her from the position in a federal lawsuit.

The Virginia Supreme Court has reinstated Fluvanna County, Va.'s lawsuit against Davenport & Co. LLC, which seeks damages for state and federal security law violations the county claims the firm committed while serving as its financial advisor.

Rhode Island Superior Court signed off on a pension overhaul agreement between Providence and its police officers, firefighters and retirees that Mayor Angel Taveras said possibly saved the capital city from filing for bankruptcy.

The Securities and Exchange Commission today charged the chief executive officer of a Chicago-based advisory firm with lying to the California Public Employers' Retirement System and other clients about the amount of money managed by the firm.

Critics of a proposal to build a 250-room hotel and conference center on the University of California at Los Angeles campus challenged its tax-exempt status in court.

Years after former Alabama Gov. Bob Riley waged war to eliminate casino-like slot machines operated as electronic charity bingo games, bondholders are still in court fighting to salvage their investments.

The Texas Senate on Wednesday considered a bill that would raise the levels of permitted radioactivity in waste delivered to a bond-funded dump site in Andrews.

Bankruptcy Judge Thomas Bennett ruled that Assured Guaranty Municipal Corp. cannot proceed with its lawsuit against JPMorgan in New York state court because it involves bankrupt Jefferson County, Ala.

A lawsuit by Caldwell Flores Winters, Inc. for breach of contract and the resulting counter-complaint by small, rural Willits United School District, Calif. spotlights controversial practices critics see in California school district bond sales.

The Securities and Exchange Commission objects to further delay in the 2009 case against two JPMorgan bankers charged with bribing Jefferson County, Ala., commissioners and broker-dealers to win business.