Bankruptcy

Lenders will own the private operator of State Highway 130 near Austin under a Chapter 11 bankruptcy reorganization plan filed last week.

The receiver for bond-financed apartments owned by Global Ministries Foundation in Tennessee has disclosed in court filings that the Securities and Exchange Commission is conducting an investigation.

Merrett Stierheim, a former south Florida public administrator, will determine if Opa-locka is solvent for the state-appointed panel overseeing the city’s finances.

Municipal bonds issued for Tennessee-based Global Ministries Foundation housing projects were placed on S&P Global Ratings' CreditWatch and could face rating downgrades because of uncertainty related to a federal investigation.

A federal judge on Friday dismissed Securities and Exchange Commission charges against Peter Cannava, a banker involved in an ill-fated private placement for startup video game company 38 Studios.

The Securities and Exchange Commission is arguing that any court challenge to the constitutionality of revised Rule G-37 on political contributions can be made when an enforcement action is taken over a violation of the rule.

Rhode Island state Rep. Robert Craven Sr., a former state assistant attorney general, is calling for the release of grand jury documents and testimony on the state’s 38 Studios investigation.

Maryland’s $5.6 billion Purple Line P3 in jeopardy after federal judge halts the project over ridership worries.

Jacksonville, Florida, is asking voters for a half-cent sales tax to help pay down nearly $3 billion in pension liabilities, but a recent lawsuit threatens to derail the referendum.

A Kentucky judge has granted a temporary injunction blocking Gov. Matt Bevin from removing the University of Louisville's trustees.

Rhode Island won’t file criminal charges related to 38 Studios, frustrating those who want to know more about the deal behind Curt Schilling’s video-game company.

Atlantic City has tapped financial advisors PFM Group and NW Financial to assist with its recovery plan needed to avoid state intervention.

The small Florida city of Opa-locka is on the verge of bankruptcy, according to the head of a state-appointed oversight board.

Atlantic City is slated to receive a $74 million bridge loan from New Jersey to avoid an August 1 default after the City Council voted to accept the state's repayment terms.

The Securities and Exchange Commission was legally required by fiscal 2016 appropriation act provisions to reject changes to Rule G-37 that extended political contribution restrictions to municipal advisors, three state Republican groups told federal appeals court judges.

The Securities and Exchange Commission is arguing it can't fight a lawsuit challenging a revised rule to curb municipal securities pay-to-play activity because the fiscal 2016 appropriations act prohibits it from spending money on any rules governing political contributions.

Atlantic City will default unless reaches agreement with the New Jersey state government on a bridge loan, according to Moody's Investors Service.

Leon County, Fla., home of the state capital in Tallahassee, will offer a new countywide residential and commercial PACE programs after years of planning and legal setbacks.

A new arena for the National Basketball Association's Golden State Warriors remained on track after a San Francisco Superior Court upheld its environmental review this month, although it faces continued appeals and resistance.

Federal corruption charges against a former state treasurer did not motivate a probe of Pennsylvania's two public pension systems, said state Auditor Eugene DePasquale.