Law and legal issues

Subordinate bondholders will likely be wiped out.

The board wants the court to reject a wide range of bondholder discovery requests related to their administrative expense claim.

The cash-strapped city of Chester had been hoping the water authority sale would be its route out of bankruptcy.

Orrick promoted three California finance attorneys to partner as part of its 2026 class.

The bill was introduced by a state senator whose district includes a county that is struggling to roll over a privately placed tax anticipation note.

It's the first time the regulator has named VRDO rate-resetting process as an area of review.

Platte County, Missouri, formally withdraws from public financing of a shopping center that sparked court battles after its sales tax revenues began to falter.

Bondholders are seeking compensation from the U.S. government for their losses in the restructuring.

A three-judge panel said the department could not prove the project was a modification of the existing infrastructure, which would have given it the authority to issue bonds.

A lawyer for the bondholders said a majority support the proposed treatment of the $61 million of outstanding bonds.

A federal judge set oral arguments for Jan. 28 in the legal fight over the Metropolitan Transportation Authority's congestion pricing tolls in Manhattan.

A California Supreme Court ruling could eliminate the need for validation lawsuits before issuing pension obligation bonds, the winning attorneys say.

In a case stemming from a PACE bond authorization, the majority said language in Florida law giving finality to bond validations must be respected.

The city's rejection of the petition, which aims to stall or submit the largely bond-financed convention center project to voters, is being challenged in court.

Pasadena and the Rose Bowl Operating Co. are suing UCLA, saying plans to relocate football games to SoFi stadium could jeopardize $130 million in revenue bonds.

The nonprofit Oroville Hospital filed for Chapter 11 bankruptcy after failing to sell itself or secure an affiliation with a larger hospital system

While the plan of reorganization says bondholders will get 100% of principal, it won't be for 12 years. And they will lose some interest.

This is the first upgrade of bonds supported by assets currently or formerly in the Puerto Rico government's hands since the passage of PROMESA in 2016.

The toll road agency's financial and other practices were targeted in a November legislative study, which could lead to another round of reform legislation.

22 municipalities are suing the state over vehicle-license fees they say California has failed to pay them.