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The bond trustee filed notice of a settlement that would extend the maturity of the Industrial Development Authority of Platte County Zona Rosa bonds 30 years.
April 29
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Fallout from the Legacy Cares deal includes bondholder lawsuits against the underwriter and bond counsel, payment defaults, a Chapter 11 bankruptcy, and now fraud charges from the SEC and DOJ.
April 2
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The SEC and DOJ announced charges in connection with municipal bonds issued for the Legacy Cares sports complex in Arizona, which defaulted and went bankrupt.
April 1
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An Illinois park district became the only local general obligation credit to default in 2024, according to Municipal Market Analytics.
March 28
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A bondholder group is negotiating with the school, which continues to operate.
March 18
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Bond trustee UMB Trust has engaged Lighthouse Management Group to serve as the receiver.
February 28
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Legislation to continue a sales tax and revenue bond program until July 1, 2028, and allow its use for mall redevelopment projects, passed the Senate.
February 26
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A charter school in San Antonio is expected to close at the end of the year, jeopardizing $25 million of municipal bonds the institution borrowed in 2022.
February 19
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A federal court has given an outside debtor-in-possession loan "superpriority" over the bondholders' lien.
February 13
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Management is hiring a municipal advisor to evaluate its financial strategy.
February 10
