Bankruptcy

The Lamar Consolidated Independent School District near Houston has filed a disclosure notice about the case for investors in the district’s bonds.

A settlement over back pay for the city’s police and fire unions is a major step to financial recovery in Scranton, Pa., says Mayor Bill Courtright.

The U.S. Supreme Court’s Feb. 29 decision to not hear an appeal by New Jersey labor groups challenging Gov. Chris Christie’s authority to cut pension payments is a credit positive for the Garden State since it retains an ability to annually determine contribution levels, according to Moody’s Investors Service.

A bill to give New Jersey increased power over Atlantic City finances advanced in the State Senate.

Detroit Public Schools may run out of funds to meet payroll after April 8, the district’s new transition leader told state lawmakers who are being asked to approve $50 million in emergency aid.

A bribery investigation of bond-funded projects in the Lamar Consolidated Independent School District has led to indictments of a construction manager, a school board member and a commissioner for the city of Richmond, Texas.

In a case that could prove pivotal to New Jersey’s future credit rating, the state’s Supreme Court will hear oral arguments on March 14 to determine if annual cost of living adjustments to retirees' pension benefits need to be restored.

Pennsylvania’s budget impasse may force the Red Lion Area School District into bankruptcy, its superintendent said.

Rhode Island Commerce Corp., whose predecessor agency the SEC charged with defrauding investors in the 38 Studios bond fiasco, says the filing parallels its own clawback attempts.

The Securities and Exchange Commission on Monday charged a Rhode Island agency, its underwriter, and three individuals associated with $75 million of 2010 bonds for a startup video game company with defrauding investors by not revealing the complete financial status of the company or the extent of the compensation arrangement with the underwriter.