Bankruptcy

The Wisconsin Supreme Court last week overturned an appeals court ruling and upheld the tax-exempt status of an outpatient facility operated by nonprofit Wheaton Franciscan Healthcare.

SAN FRANCISCO - The city of Vallejo, Calif., could see its plan to exit bankruptcy sail through a final hearing Thursday with only one objection from two individuals.

BRADENTON, Fla. — Commissioners in Jefferson County, Ala., will again meet in a special closed-door session this week in Birmingham to discuss a wide range of issues, including the possibility of filing for municipal bankruptcy.

BRADENTON, Fla. - Commissioners in Jefferson County, Ala., hired the California law firm Klee, Tuchin, Bogdanoff & Stern LLP as a consultant on strategies to resolve the county's financial crises.

One city is a capital in a large state often considered a battleground in presidential elections. The other occupies a blighted square mile in the nation's smallest state.

Massachusetts Attorney General Martha Coakley will hold a public hearing at 6 p.m. on Aug. 9 at Quincy High School on the proposed $38 million sale of Quincy Medical Center Inc. to Steward Health Care System LLC.

BRADENTON, Fla. - The trustee for Lambuth University on Wednesday notified the bond market that the Jackson, Tenn.-based school filed for Chapter 11 bankruptcy three weeks ago.

The Maine Turnpike Authority is suing former chief executive Paul Violette, demanding he repay $524,000 it alleges he cost the agency between 2003 and 2011.

A California appellate court will hear a public employee union’s appeal next month after a court denied a lawsuit over the Presidio Parkway public-private partnership.

HARRISBURG, Pa. - The rejection by Harrisburg’s City Council of a financial recovery plan by a state-sponsored panel has Pennsylvania's capital city scrambling.

WASHINGTON - An investor holding bonds wrapped with insurance from ACA Financial Guaranty Corp. has filed a lawsuit against the moribund insurer, which says it is no longer obligated to pay insurance claims related to the bonds following the issuer’s Chapter 9 restructuring agreement.

WASHINGTON - A closely watched appeals court case that could determine whether investors may sue firms over allegedly faulty disclosure for auction-rate securities has pitted the Securities and Exchange Commission against a broker-dealer group.

BRADENTON, Fla. - A new Florida agency created to fund statewide Property Assessed Clean Energy improvements filed a complaint to validate the issuance of up to $2 billion of municipal bonds.

Jefferson County, Ala., filed a brief notice with the bond market on Tuesday stating that it once again defaulted on its sewer warrants. The county said warrants were purchased by banks that entered into standby warrant purchase agreements.

The state-appointed receiver overseeing Central Falls, R.I., asked retired police officers and firefighters on Tuesday for $2.5 million in permanent pension and health-benefit concessions for the city to avoid bankruptcy.

SAN FRANCISCO - California redevelopment agency proponents have filed a lawsuit in state Supreme Court to block laws that would kill or drastically curtail the RDAs to fill a gap in the recently adopted budget.

The Central Falls, R.I., City Council will hold its first public meeting in more than a year after Gov. Lincoln Chafee signed a bill requiring more input from local elected officials in communities under state receivership.

BRADENTON, Fla. - Jefferson County is asking creditors holding its $3.14 billion of defaulted variable- and auction-rate sewer warrants to take a haircut of $1.3 billion, the Birmingham News said Sunday.

WASHINGTON - The Financial Industry Regulatory Authority fined seven firms a total of $362,500 for violations of municipal securities rules.

Massachusetts Attorney General Martha Coakley has asked a bankruptcy judge to review the proposed $38 million sale of Quincy Medical Center Inc. to Steward Health Care System LLC.