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.

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.