Bankruptcy

The Los Angeles school board refused to renew three charters for a charter school system with outstanding bonds that has faced financial problems and questions about connections to Turkey’s coup.

The Puerto Rico Oversight Board is considering filing briefs in four Puerto Rico bond suits.

Miami agreed to pay $1 million to settle securities fraud charges after the city was found guilty by a local jury of playing a shell game to hide its deteriorating financial condition from bondholders.

Puerto Rico bondholders have reason to be optimistic about overturning the island's debt payment moratorium in court, based on rulings by the judge handling most of the litigation.

The Kentucky Court of Appeals ruled that the city of Fort Wright can proceed with its lawsuit alleging that the Kentucky Retirement Systems made millions in improper investments in alternative asset classes.

A judge has agreed to put Peter Cannava back into a Securities and Exchange Commission lawsuit that alleges the Wells Fargo banker aided and abetted the defrauding of investors in connection with a private placement by 38 Studios.

Holders of $113 million of defaulted bonds issued for a Branson, Missouri Airport will get an update on airport operations and an amended forbearance agreement on Oct. 13.

Three former Puerto Rican officials and another defendant were found guilty of various charges of government corruption Friday.

Wayne County, Michigan says it’s made sufficient gains in balancing its books and is ready to exit a state consent agreement.

Though Atlantic City has violated a term in a $73 million state bridge loan, New Jersey’s Local Finance Board won’t require the struggling city to immediately repay the debt.