Law and legal issues

Detroit City Mayor Mike Duggan warned that the city faces significant underfunding of its pension liabilities and hinted at a lawsuit against the team that led the city through its bankruptcy exit.

With most of its leadership under indictment in a bribery scandal, Crystal City Texas is working to clean a tainted water supply as its school district tries to avoid a threat from state regulators.

Squire Patton Boggs, a leading muni bond firm, is merging with the San Francisco-based international litigation firm of Carroll, Burdick & McDonough.

The spat between Illinois Gov. Bruce Rauner and the Chicago Public Schools could threaten the school district's authority to borrow, if the governor gets his way.

Atlantic City officials are not on board with a proposed state intervention plan pending in the New Jersey Legislature.

The Securities and Exchange Commission told Miami, Miami-Dade County, and the Marlins that no enforcement action will be recommended after a four-year-long inquiry into the financing of the team's $615.7 million stadium.

The Nelson County Public Library District in Kentucky plans to competitively price $1.6 million of general obligation refunding bonds on Tuesday.

The leader of a Puerto Rico corruption conspiracy pled guilty Thursday.

Jefferson County, Ala.'s bankruptcy appeal is expected to be argued before the 11th Circuit Court of Appeals in Atlanta the week of May 16.

The House will hold two simultaneous hearings about Puerto Rico on Feb. 25 before legislators are expected to begin a drafting process for a legislative solution for the commonwealth.

A Financial Industry Regulatory Authority arbitration panel in San Juan ordered UBS AG to pay an investor about $1.45 million in compensation for losses suffered by investments in its Puerto Rico closed-end bond funds.

The Illinois Board of Education has opened an investigation of Chicago school finances, the latest sign tensions between Chicago Public Schools and Gov. Bruce Rauner.

Lawyers and others following two Puerto Rico cases pending before the Supreme Court are divided about how the death of Justice Antonin Scalia will affect the forthcoming rulings.

Hillview, Ky., and its largest creditor, Truck America, will undergo new court-ordered mediation after conducting settlements talks that failed to resolve a $15 million claim against the city, which has filed for bankruptcy.

A new Atlantic City rescue bill proposed Wednesday would give New Jersey increased power over the city's finances in an effort to avoid bankruptcy.

The City of Philadelphia has added its backing to an ongoing lawsuit against Pennsylvania officials over the state's school funding formula.

Continuing turmoil at the College of DuPage, Ill., cost the two-year school one of its triple-A ratings as Standard & Poor's cut it two notches to AA.

With Kansas lawmakers already working to close a $200 million budget gap, the state now must now address a court order to fix the school funding formula by June 30.

State governors and other public officials who warned that new Environmental Protection Agency regulations could cause significant economic harm to their states and localities are hailing the Supreme Court’s decision to place a stay on the EPA’s plan.

The U.S. Justice Department filed suit against Ferguson, Mo., after the city rejected portions of a negotiated consent decree stemming from a fatal police shooting, adding more financial uncertainty for the city’s already junk-rated credit.