Bankruptcy

With a privately owned passenger train service just months away from starting up in south Florida, opponents told a federal judge it would be inequitable to dismiss their lawsuits because of a “backroom” deal involving public financing for the project.

The California Supreme Court has declined to hear an appeal from a group opposing the construction of a new basketball arena in San Francisco.

Capital Hartford is veering out of control toward bankruptcy and needs help from a state already wobbly, said a Manhattan Institute report on Connecticut’s poorest cities.

A five-year-old Illinois law that safeguards not-for-profit hospitals’ local tax exemptions in exchange for meeting minimum charity and community care standards is before the Illinois Supreme Court.

So-called intervention bankruptcy – combining federal and state resources – could help governments manage municipal insolvency, said a Manhattan Institute report.

A federal judge denied a request by two Florida counties for additional documents about public financing for the All Aboard Florida private passenger train project, moving their lawsuits closer to a ruling on dismissal.

A second state appeals court decision in California that rejects a rigid interpretation of the so-called “California Rule” of vested rights has boosted the hopes of those who want to change public pension formulas in the Golden State.

The Campaign Legal Center is trying to convince a federal court overseeing a challenge brought by Republican groups that the Municipal Securities Rulemaking Board’s rule changes to prevent municipal advisors from engaging in pay-to-play practices are legal and needed to address the potential for corruption in the municipal market.

Afflicted with a pension crisis that has lowered credit ratings, the Dallas City Council informally agreed to postpone an $800 million bond election that had been expected in May.

Two bond insurance subsidiaries of Assured Guaranty Ltd. have made interest payments to holders of insured general obligation and other bonds after Puerto Rico and certain of its instrumentalities failed to pay on Jan. 3, 2017.

A Texas court will determine if a proposed high-speed rail line can use eminent domain to survey and acquire land.

Former Miami budget director Michael Boudreaux is asking a federal judge for a new trial over Securities and Exchange Commission charges that he committed securities fraud because he believes the previous trial was unfairly prejudiced against him.

The U.S. Department of Transportation told a Florida congressman who made inquiries about All Aboard Florida’s financing that it “does not evaluate ridership, revenue, or creditworthiness” for private activity bond allocations.

Oyster Bay Town Supervisor John Venditto is resigning his post at the close of business Wednesday two and a half months after the leader of New York State’s fourth largest township was indicted on federal corruption charges.

The Rhode Island Commerce Corp. and Securities and Exchange Commission are close to reaching a final settlement over fraud charges the SEC brought in connection with a private placement involving the video game company 38 Studios.

San Bernardino, Calif. City Manager Mark Scott believes the city’s Chapter 9 bankruptcy workout, combined with voter approval of a new city charter, poises the city for a comeback.

Genesee County, Mich., officials say they don't expect criminal charges against former Flint leaders stemming from the city's participation in the Karegnondi Water Authority pipeline to impact the project or its bonds.

The Supreme Court of California has a case before it with the potential to alter the political and legal conversations about pensions in the Golden State and beyond.

SEC sues, U.S. Attorney indicts former official of New York State Common Retirement Fund and two brokers over pay-to-play scheme.

New criminal charges stemming from the Flint, Michigan water contamination crisis accuse two former state-appointed emergency managers and two other ex-city employees with using false and misleading tactics to participate in the bond-financed Karegnondi Water Authority project.