Law and legal issues

The Westinghouse bankruptcy could have a material impact on the South Carolina Public Service Authority.

A judge delayed a hearing on the expenditure of California high-speed rail proceeds.

Spreads widened on bonds for new nuclear units in South Carolina and Georgia.

Four investment funds holding COFINA senior bonds are claiming Bank of New York Mellon breached its duties as trustee.

San Diego scored a victory on a pension reform measure approved by voters in 2012.

Alabama Gov. Robert Bentley pleaded guilty to misdemeanor charges and resigned late Monday, followed by Lt. Gov. Kay Ivey's swearing in as the state’s 54th chief executive.

Impeachment proceedings began Monday against Alabama Gov. Robert Bentley by the House Judiciary Committee, after the state’s high court ruled that hearings could proceed.

Central Falls, R.I., Mayor Jim Diossa discussed the city’s climb from bankruptcy to investment grade.

The Alabama Ethics Commission found probable cause to believe Gov. Robert Bentley violated ethics and campaign finance laws.

The drama of the $135 million Moses Lake School construction bond continues.

Awards and settlements are piling up even as the U.S. wealth management unit reports record profits.

A federal appeals court upheld a stay on debt-related lawsuits in a key Puerto Rico lawsuit, reversing a lower court decision.

East Texas Medical Center, one of the largest healthcare providers in the region, slipped two notches to B3 from B1 on the Moody's Investors Service as prospects for default.

The Municipal Electric Authority of Georgia said the bankruptcy of Westinghouse, supplier of new nuclear units at Plant Vogtle for which it has issued billions of bonds, could have a material impact on its financial condition.

A federal judge approved the Rhode Island Commerce Corp.’s settlement with the SEC over the state’s failed $75 million deal with videogame company 38 Studios.

A settlement tied to Flint, Michigan’s water contamination crisis alone won’t tax state finances but it underscores a collective burden that poses longer term pressures, S&P Global Ratings says.

Construction continues on new nuclear power plants in Georgia and South Carolina after the Westinghouse bankruptcy, but the Chapter 11 filing raises concerns for investors in the units, including public power utilities who issued billions in municipal debt.

The three state Republican groups will face off against the SEC and MSRB in oral arguments May 4 on whether a federal appeals court should vacate revisions the MSRB made to its rule on political contributions and curbing pay-to-play in the market.

Bill Baroni and Bridget Anne Kelly, former allies of New Jersey Governor Chris Christie, are headed to prison for their roles in a politically motivated plot to create traffic jams near the George Washington Bridge in the scandal known as Bridgegate.

The Rhode Island Commerce Corp. and the Securities and Exchange Commission filed a joint motion in Rhode Island federal court on Wednesday asking the presiding judge to approve a final settlement over the RICC's involvement in a fraudulent private placement.