Bankruptcy

The Schaghticoke Tribal Nation filed a lawsuit against Connecticut, asserting a casino law is unconstitutional.

House Natural Resources Committee chair Rob Bishop, R-Utah, visited Puerto Rico Friday as part of a multi-day trip to meet with commonwealth officials and groups as Congress continues to debate a reasonable solution for the territory’s fiscal problems.

Water contamination-related lawsuits filed in Chicago and Flint, Mich. stand to influence the sector nationally as the cases draw more scrutiny to the dangers associated with older lead pipe-based systems, Fitch Rating says in a new report.

The trustee for Port St. Lucie, Fla.’s $64 million of bonds to finance the defunct Vaccine & Gene Therapy Institute questioned whether the city will honor its guarantee to pay debt service, although the city attorney said it will make good on the promise.

The State Highway 130 Concession Company led by toll road developer Cintra will try to reorganize under Chapter 11 bankruptcy after revenues from the $1.35 billion project fell far short of projections.

An investment banker hired as an expert witness in lawsuits challenging All Aboard Florida’s passenger train service said tax-exempt financing is critical to funding the $3.5 billion project, although the private company says that’s not true.

Puerto Rico Gov. Alejandro García Padilla this week bristled at a deadline to provide information to the U.S. Congress, while a candidate to succeed the governor sent an unsolicited response to the information request.

To address the lack of clarity of chapter 9 and to root it in municipal realities, attorney David Dubrow of Arent Fox LLP lists the top five critical changes that should be made to protect the capital markets.

Experts and Puerto Rican lawmakers are encouraging Congress and commonwealth officials to include fiscal responsibility laws in any legislative package designed to help the island.

Ferguson, Mo.’s already junk-level rating was placed on review for downgrade because of threats to the city's solvency after it rejected a negotiated consent decree with the U.S. Justice Department for the tactics of its police department.