Bankruptcy

Puerto Rico's congressional representative Pedro Pierluisi strongly opposed the idea of the federal government imposing a federal fiscal control board on Puerto Rico, warning it would be "a blatant exercise of colonialism."

Unrated Scranton, Pa., is taking steps to regain the good graces of the capital markets, said its mayor and business administrator.

Puerto Rico said recently that there is no reason to believe that its debt is unconstitutional, but that this issue could arise in legal disputes if there is no “consensual restructuring” of the debt.

The Oregon Supreme Court will hear a case challenging the legality of a bond-financed hotel near the Oregon Convention Center, a project that has been tied up in legal difficulty for years.

The Senate Judiciary Committee will hold a hearing on Dec. 1 to explore Puerto Rico’s fiscal problems and the potential options that are available to help the island, panel chair Chuck Grassley, R-Iowa, announced Thursday

A second environmental group is suing Florida over spending decisions related to a 2014 constitutional amendment earmarking funds for conservation purposes.

A lengthy battle between a bond trustee and bankrupt Chicago-area hockey arena operator Leafs Hockey Club over $20 million of unrated bonds is nearing an end.

The AAA rating recently assigned to San Diego Unified School District's upcoming general obligation bond issuance could set a precedent for other school district ratings throughout California, according to Fitch Ratings in a report.

Investors holding about $27 million of bonds issued for a failed sucralose plant in Moberly, Missouri have reached settlements with the financial firms they sued in state court, weeks after a federal class-action case was settled.

The San Bernardino, Calif. redevelopment successor agency's plan to refund roughly $68 million in tax increment bonds should find an eager market despite the parent city's bankruptcy, says an investment advisor.