Court cases

While the ruling wasn't a total victory for Wells Fargo or banker Peter Cannava, the court's decision grants them three more months of preparation in their fight against the SEC.

The settlement means the court won't decide the rights of bondholders versus pension funds.

Will a lawsuit alleging a conspiracy in the VRDO market be dismissed early?

Malachi Financial Products Inc. and its principal were charged with violating their fiduciary duty to a city in Mississippi, overcharging the city, and failing to disclose payments received from the underwriter.

The ruling may trigger the renegotiation of almost all public sector contracts, though severability clauses prevent immediate wage and benefit reductions.

The decision could ultimately free up more spending flexibility for state and local governments by weakening organized labor in the sector of the economy where the rate of unionization is the highest.

The SEC contends it played fairly in prosecuting its case against Wells Fargo Securities and Peter Cannava, denying the defense's allegations of dishonest "legal gamesmanship."

The state's highest court rejected a ballot question that would have asked voters to raise the state income tax on the commonwealth's top earners.

Navnoor Kang, a former director at the New York State Common Retirement Fund, wants home confinement rather than prison.

States could gain $8 billion to $33.9 billion in additional annual revenue if the high court rules in favor of South Dakota, while a loss would mean the status quo.