Bankruptcy

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.

Amie Riggle Berlin, the SEC’s lawyer who handled its case against Miami and Michael Boudreaux, explained the important aspects of a reliance on professionals defense and the need for issuers to stay truthful in their offering documents during a conference panel.

With its aid levels at stake, Detroit Public Schools Community District is planning a preemptive strike against state plans to shutter schools.

The U.S. Supreme Court will consider a special master’s recommendation, largely favoring Georgia and water agencies there, in the lawsuit Florida filed against Georgia over the apportionment of water from the Apalachicola-Chattahoochee-Flint River Basin.

The SEC wants a Puerto Rico federal court to agree that Jose Ramirez, a former UBS Puerto Rico employee, engaged in a scheme to defraud investors in closed-end funds with large investments in Puerto Rico bonds.

All Aboard Florida said it anticipates launching its Brightline-branded private passenger train service between Miami and West Palm Beach in September, following an introductory roll-out phase.

Central Falls, R.I., nearly five years after filing for Chapter 9 bankruptcy, has an investment-grade bond rating again.

Sports industry consultant Dave Howard will lead Florida’s privately owned passenger train project as Fortress Investment Group explores expanding All Aboard Florida’s Brightline-branded service to other states.

Two Illinois-based not-for-profit healthcare systems dropped their merger plans Tuesday following a court ruling that favored the Federal Trade Commission in its efforts to block the union.

A guilty plea from Aaron Troodler, the former executive director of the Ramapo Local Development Corp., for criminal securities fraud means he could face a maximum of 25 years in prison.

The Glades Correctional Development Corp. in south-central Florida shorted its March 1 debt-service payment, the trustee said in a notice, as the date for a taxable bond exchange approaches due to an IRS ruling.

Former Stockton Mayor Anthony Silva, who occupied city hall during much of the city’s bankruptcy, was arrested at San Francisco International Airport Sunday and stands accused of embezzling money from a nonprofit children’s organization.

A flurry of filings are due over the next month as Chicago Public Schools seeks a ruling by May 1 on its request to block the distribution of state funding under current formulas.

Eight Scranton taxpayers have filed a mandamus suit against the city, saying it has been collecting taxes above the legal limit Pennsylvania has established.