Law and legal issues

It is sadly not possible to prevent 100% fraud scenarios from occurring; however, reassessing your firm's processes for identifying red flags may be a good place to start.  

The utility said it will appeal the judge's action, citing grave concerns about its impact on the Denver area's water supply in the wake of floods and drought.

The judge cited "substantial evidence" for charges of collusion among the banks to fix interest rates on millions of variable-rate demand bonds.

A new S&P upgrade and one last year from Moody's burnish the Colorado Statewide Bridge and Tunnel Enterprise ahead of a $212 million revenue bond deal.

The county will likely tap reserves, issue judgment obligation bonds and make departmental cuts to cover the $4 billion settlement.

Squire Patton Boggs attorney Michael Cullers believes the 10th Amendment may pose an obstacle.

Fallout from the Legacy Cares deal includes bondholder lawsuits against the underwriter and bond counsel, payment defaults, a Chapter 11 bankruptcy, and now fraud charges from the SEC and DOJ.

The SEC and DOJ announced charges in connection with municipal bonds issued for the Legacy Cares sports complex in Arizona, which defaulted and went bankrupt.

Plaintiffs are challenging Oconee County's use of general obligation bonds repaid by taxpayers countywide to fund sewer improvements serving a small area.

The Oversight Board's effort to confirm a "a legally infirm cramdown plan is patently flawed and will add years of litigation," the bondholders said.

A city-created corporation plans to issue bonds for the mass transit project, paid off with a voter-approved hike in the maintenance and operations property tax.

Glenn Hegar, the state comptroller since 2015, was chosen as the next chancellor for the Texas A&M University System by its board of regents.

Federal Reserve Gov. Christopher Waller said the Founding Fathers supported independent money management and undoing it now would be a mistake.

A district judge in Rhode Island issued a second order telling the administration to halt its grant freeze, saying his first order is not being followed.

New York Judge Andrew Borrok said a ruling on the summary judgments could come by late April after "a lot of sitting and writing and thinking."

Current and former residents of The Harborside, a 329-unit continuing-care retirement community in Port Washington on Long Island's North Shore, are anticipated to receive an initial $6 million distribution after a sale of the facility for $86 million to Chicago-based private equity firm Focus Healthcare Partners, according to a plan approved by a bankruptcy court.

A federal court has given an outside debtor-in-possession loan "superpriority" over the bondholders' lien.

Lawsuits are mounting against the Trump administration's aggressive actions to cut federal spending.

A recent Texas Supreme Court decision will force the city to increase the amount of property tax revenue allocated to a dedicated drainage and street fund.

San Francisco's commercial real estate struggles, Oakland's looming bankruptcy concerns, and the broader economic headwinds facing the Bay Area take center stage in this episode. Chris Thornberg of Beacon Economics and public policy analyst Marc Joffe join senior reporter Keeley Webster to discuss the impact of hybrid work trends, housing shortages, tax policies, and what it will take for these cities to stabilize their financial futures.