Law and legal issues

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.

Creditors have until May 29 to file a proof of claim, though most bondholders won't have to respond because the judge is allowing trustees to file a "master proof of claim."

The insurer wants more time to develop land it received as part of the city's bankruptcy exit.

The amicus briefs ask the state's high court to weaken a rule that is believed to make future benefit reductions impossible.

Financial advisor and attorney Calvin Grigsby vowed to appeal a judge's ruling finding that his former client has absolute immunity from lawsuits.

The plan calls for up to $55 million of borrowing to fund 2015 state health and pension benefits.

The Iron County Hospital District in Pilot Knob, Missouri, filed for protection from its creditors Wednesday.

The California Supreme Court could upend legal assumptions about public employee pensions.

PREPA says a widespread shutdown of electricity on Wednesday is inevitable without a major cash infusion.

New Jersey Gov. Phil Murphy appointed his primary opponent to lead a review of the state’s intervention efforts.

As payback for a failed nuclear reactor project, state lawmakers could stop the South Carolina Public Service Authority from raising rates.

Two Florida counties contend that environmental laws were violated when federal agencies allocated private activity bonds for the All Aboard Florida project.

Efforts to push Lombard Public Facilities Corp. out of Chapter 11 were recently dropped, easing obstacles to its restructuring.