Law and legal issues

Otero County's March 13 emergency meeting to avoid a bond default did not comply with the Open Meetings Act, the state's Justice Department determined.

Nevada Treasurer Zach Conine is urging Congress to pass legislation for the automatic and timely refunding of "illegal tariffs."

In this Market Intelligence analysis, Jeff Lipton warns that granting states access to Chapter 9 would be deeply disruptive, likely forcing muni yields higher and liquidity lower, while underscoring why states' legal protections and reserves still support strong willingness to pay.

Without that claim, bondholders are fighting for repayment of about $8.5 billion.

Otero County commissioners approved an agreement with the federal immigration agency to avert a bond default despite a state law banning such contracts.

Upper and Lower Basin states are at odds over post-2026 operations for the drought-stricken river, raising litigation risks and highlighting credit uncertainty.

State authorization for $1.35 billion of taxable ratepayer-backed bonds sold in 2022 for Oklahoma Natural Gas Company is being contested in court.

A federal judge wrote in an opinion that a "mountain of evidence" suggests the subpoenas were an effort to push Federal Reserve Chair Jerome Powell to lower interest rates or resign.

MBIA Inc. used National Public Finance Guarantee and MBIA Insurance to "perpetrate a fraud on investors," the COFINA bondholders said.

The offer was revealed in a disclosure statement and plan of reorganization in the Chapter 11 bankruptcy.

A state judge ordered the Arizona Legislature to enact a system for funding public school facilities that is constitutional and set a timeframe for compliance.

Jeffrey Puzzullo is the fourth person to plead guilty in the now-notorious Legacy Cares case.

Los Angeles' weakening fiscal picture and the city utility's exposure to lawsuit liability from the 2025 Palisades fire were cited for the downgrades.

The California complaint was filed 12 years ago.

A lawsuit claims Texas Acting Comptroller Kelly Hancock illegally removed minority- and women-owned firms from a program created by the state legislature.

Eleven states and dozens of local governments have active lawsuits against fossil fuel companies.

California and nine states' financial officers urged President Trump to honor the Supreme Court's ruling striking down his tariffs, citing harm to state budgets and the need for economic predictability.

The fund plans to liquidate remaining assets, although a class-action lawsuit may delay final distributions.

Lawsuits against the Los Angeles Department of Water and Power over wildfire liability crystalize the need for state governments to take the lead, said MMA's Matt Fabian.

The Trump administration filed the lawsuit Tuesday ahead of UC Regents plans to price $1.93 billion in revenue bonds.