Law and legal issues

Big Apple pension funds plan to divest from fossil fuel investments within five years.

The Seneca Nation of Indians demand a cut of toll revenue for a nearly three-mile stretch of road built on tribal land 60 years ago.

Cities deny NAM charge that they committed securities fraud by failing to adequately address climate risk in their muni bond official statements.

New Jersey Senate Republican Leader Tom Kean, R- Westfield, has opted to not stand in the way of the state’s $3.2 billion tobacco refunding bond deal two days after calling for the large transaction to be canceled.

The Georgia Legislature’s plan to cut the city of Stockbridge in half, without its consent, brought warnings of litigation from bondholders and potential damage to the state's triple-A rating.

An unsealed whistleblower lawsuit accuses eight Wall Street and regional banks and broker-dealers that served as remarketing agents of fraud and collusion in resetting rates for variable rate demand obligations issued by state and local issuers in Illinois.

San Diego's regional transportation agency agreed to pay legal fees ending a long-running legal battle with environmental groups.

The bankruptcy process could take 18 to 36 months to sort out, one municipal analyst said.

California's attorney general says the hospital chain used anti-competitive practices to drive up prices in Northern California.

The project is designed to protect Fargo, North Dakota and Moorhead, Minnesota from high waters.

Michigan State University is seeing the first credit fallout from the sexual abuse scandal involving former university and Olympic gymnastics doctor Larry Nassar.

Without giving a reason, the Florida Supreme Court dismissed two appeals of the Poinciana Community Development District’s bond validation case.

Some of the legal precedents potentially being set in Puerto Rico erode the expectations and good order of the municipal bond marketplace that finances the activities of states and municipal instrumentalities nationwide.

Debt is being issued to refund the Karegnondi Water Authority's 2016 bonds and fund remaining pipeline construction costs.

Lombard's failure to honor its appropriation pledge cost bondholders dearly in a hotel project bankruptcy.

The bonds were used to finance the acquisition and renovation of an assisted living facility in Alabama by Dwayne Edwards, who the SEC charged with fraud last year.

A federal judge dismissed a suit over Buena Vista’s bonds, but an appeal will put the city's moral obligation pledge on trial again.

The ruling could result in the county repaying millions of dollars improperly spent from its 1% sales tax dedicated to its transportation program.

An electric cooperative’s cross claim could upend the South Carolina Public Service Authority’s ability to collect nuclear-related costs.

Lombard Public Facilities Corporation creditors will receive $142 million of new bonds in exchange for $190 million of outstanding debt.