Bankruptcy

A federal judge has ordered Tampa Bay Water to pay $20 million in legal costs to an engineering firm the water supplier unsuccessfully sued this year.

Plainwell Community Schools has sued Michigan after the state refused to sign off on a privately placed bond sale that would allow the district to pay off a state loan and generate interest-rate savings.

Jefferson County, Ala.'s plan to factor corruption into future sewer system rate increases is setting the stage for another legal fight with the trustee for the system’s $3.2 billion of debt.

Pittsburgh officials say they have come so far from their basket-case days of nine years ago that they want a state agency to remove the "distressed" tag.

A federal judge rendered a split decision in an environmental lawsuit brought against Honolulu's $5.2 billion elevated rail project, but did not order a halt to construction.

Grigsby & Associates Inc. owner Calvin Grigsby faces a December hearing on accusations leveled by Illinois Secretary of State regulators over the firm's investment advice to the Illinois Student Assistance Commission.

A Washington Supreme Court ruling has thrown a wrench into the use of a contingent loan agreements to support bond issues.

Public employee unions said they will go to court to try to block the Contra Costa County retirement system board from implementing anti-spiking provisions

Rhode Island is suing the owner of failed video-game company 38 Studios over a $75 million loan guarantee the state's economic commission provided the company.

Lawyers for three former bankers convicted in May of rigging bids for municipal bond contracts have filed appeal notices with an appellate court. The appeals were filed late last week with the Court of Appeals for the Second Circuit in Manhattan by attorneys for Dominick Carollo, Steven E. Goldberg, and Peter Grimm, former employees at General Electric Co. affiliates.

Jefferson County, Ala., commissioners decided to move forward with a plan that is expected to increase sewer system rates for the first time in at least four years.

Former Montgomery, Ala., bond dealer Bill Blount has been moved to a halfway house to transition toward the end of his federal pay-to-play felony sentence for his role in the sale of bankrupt Jefferson County’s defaulted sewer warrants.

The Minnesota Supreme Court released an opinion Wednesday finding that the state’s use of an appropriation pledge to back a proposed tobacco refunding issue does not constitute a “public debt” subject to state limits on such debt.

Voters across Midwestern states face a slew of tax, spending, and bond referendum along with policy questions that pack a fiscal punch including whether Michigan's emergency management should be preserved and the state's ability to raise taxes limited.

The California Public Employees’ Retirement System sued Compton, Calif. for missed retirement and healthcare payments totaling $2.6 million.

A judge in Madison County, Ind. last week ruled that Indiana law gives municipalities the right to lay off employees because of economic conditions.

A court hearing on a dispute between Highmark Inc. and West Penn Allegheny Health System Inc. over their failed $475 million merger agreement will continue Thursday in Pittsburgh.

Rhode Island officials, speaking after Moody's Investors Service elevated the bond rating of Central Falls, envision brighter days for the once-bankrupt city.

Four officials of the Port Authority of New York and New Jersey received subpoenas on Thursday, seeking information related to last year's toll hikes.

Michigan officials Thursday named Joyce Parker as emergency manager of Allen Park, the latest city to be taken over by the state for fiscal distress.