Bankruptcy

Investors with holdings in municipal conduit bonds that have been the subject of recent SEC enforcement actions over fraudulent commingling of assets are suing Bank of Oklahoma Financial, which served as the trustee for many of the faulty offerings.

A procedural ruling by the state Supreme Court means Illinois’ not-for-profit hospitals have dodged a bullet, at least temporarily, on the state’s charity care requirements.

U.S. nuclear contractor Westinghouse reportedly could file for bankruptcy by Friday, Reuters said, casting new doubt on public power providers that issued municipal bonds for nuclear plants in Georgia and South Carolina.

In many ways, if Puerto Rico is a cup of coffee, the USVI is a shot of espresso.

Syncora Guarantee Inc. is looking to partner with a developer to lead the overhaul of Detroit land it acquired as part of its bankruptcy settlement with the city in 2014.

A courtroom hearing next month will determine whether California can issue a portion of nearly $10 billion of voter-approved bonds for its high-speed rail program.

Puerto Rico’s general obligation bondholders called for negotiations on the island’s debt after a judge halted litigation between them and holders of the island’s sales tax revenue bonds.

Heightened concern about a potential Westinghouse bankruptcy filing resulted in negative outlooks on municipal bonds issued for new nuclear units the company is building in Georgia and South Carolina.

Jefferson County can refinance $500 million of outstanding limited-obligation school warrants, the Alabama Supreme Court ruled in a decision that could put the county in the bond market by mid-year.

A pension reform group took issue with a University of California report that argues that fully funding pensions may be a "misguided" goal.