Bankruptcy

A county court is scheduled to hear a petition by a Scranton, Pa., taxpayer group that alleges the city’s tripling of its local services tax is illegal.

St. Louis voters will decide whether to raise taxes to fund a light-rail expansion and other projects and to cover the city's contribution for a new professional soccer stadium.

After a judge approved the final settlement in the 38 Studios fiasco, Rhode Island Gov. Gina Raimondo said she would ask a court to release grand jury documents.

Industry, Calif.’s leaders say they have implemented 90% of the reforms needed to fix financial irregularities that cost the city one of its bond ratings.

St. Louis is hoping the courts will allow voters to decide this spring tax increase proposals to fund a light-rail expansion and other projects and to cover the city’s contribution for a new professional soccer stadium.

The state takeover of Atlantic City finances will be tested in court after a New Jersey judge temporarily blocked the state’s effort to cut 100 Atlantic City firefighter jobs.

Two Puerto Rico residents are firing back at UBS, saying the firm's challenge in federal court of an $18 million Financial Industry Regulatory Authority arbitration award over losses in Puerto Rico bonds is "a hopeless and baseless attempt at an unwarranted do over."

A federal court should dismiss two lawsuits challenging bond financing for the All Aboard Florida train project because the new administration will review future private-activity bond applications, court filings said.

Financial advisor Hilltop Securities Inc. – formerly First Southwest – has agreed to pay $16 million to settle the lawsuit Rhode Island Commerce Corp. brought in the wake of the failed 38 Studios deal.

The bonds of 16 affordable housing properties affiliated with Global Ministries Fellowship were downgraded by S&P Global Ratings, sending 14 more of the credits to junk.