Bankruptcy

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.

The Municipal Securities Rulemaking Board’s rule changes to prevent municipal advisors from engaging in pay-to-play practices are constitutional and comply with federal statutes, contrary to the claims of three Republican groups, the MSRB told a federal appeals court on Monday

Philadelphia got the green light to proceed with a new tax on sugary drinks after a judge dismissed efforts by the beverage industry seeking to halt the policy.

Petersburg, Va., was removed from CreditWatch by S&P Global Ratings, which maintained its BB junk ratings and negative outlook despite the cash-strapped city's hiring of a turnaround firm.

The Oklahoma Turnpike Authority plans to price $480 million of toll revenue bonds in January after the state Supreme Court shielded the debt from future litigation.

Martin and Indian River counties have asked a federal judge to examine the new bond financing strategy employed by All Aboard Florida to determine the "full extent" of the proposal and its impact on their federal lawsuits.

Former Miami budget director Michael Boudreaux plans to ask a federal district court by Jan. 3 to vacate a jury’s verdict that he was guilty of securities fraud, according to his lawyer.

Dallas saw its Moody's Investors Service rating fall one notch to A1 as it grapples with a crisis in its public safety pension fund.

The Federal Bureau of Investigation is probing allegations that a Compton, Calif. deputy treasurer stole money from the city.

Debt-ridden Dowling College has filed for Chapter 11 bankruptcy with two of its Long Island properties now on the market in an effort to aide bondholders.

After more than four years, San Bernardino has a clear path to exit its Chapter 9 bankruptcy.

Federal civil rights investigation will delay Colorado’s proposed $1.7 billion P3 highway expansion project.

State and federal judges in Wisconsin approved final settlement agreements with Stifel and Royal Bank of Canada to conclude an eight-year effort by five school districts to recoup $200 million lost on a risky investment product.