Bankruptcy

A criminal case alleging two Ramapo, N.Y. officials misled investors and credit rating agencies in connection with municipal bonds would go to trial on Jan. 9 under the timeline the federal judge has put forth for the proceedings.

A district court lawsuit challenging the legality of the District of Columbia’s Local Budget Autonomy Act and D.C.’s push for budget autonomy was reassigned to a new judge last month.

A California state appeals court ruling may open the window for governments to change the future benefits of existing employees.

The 11th Circuit Court of Appeals delayed oral arguments in Jefferson County, Ala.'s bankruptcy appeal until November, and now plans to hear the case in Montgomery, instead of Atlanta.

Lawsuits by two Florida counties challenging the $1.75 billion private activity bond award for the All Aboard Florida passenger train project can proceed, after a federal judge ruled in the counties' favor.

Puerto Rico business groups announced Wednesday that they would sue to block the Puerto Rico Electric Power Authority restructuring deal.

Bondholders' poor recovery relative to pensioners in Detroit was typical of municipal bankruptcies, as protecting the workforce has outweighed debt repayment in courtrooms across the nation.

Detroit-based law firm Clark Hill is expanding its public finance reach in Michigan with the acquisition of competitor Axe & Ecklund.

An attorney in California contends that the state treasurer erred by not allowing public comment prior to rolling out an anti-pay-to-play initiative.

A two-month campaign to sell Atlantic City's former airport property to help pay down the city's massive debt burden yielded two bids that came in at a third of the minimum asking price.