Law and legal issues

Jefferson County School District R-1's lawsuit comes after the U.S. Department of Education threatened to withhold federal funding over transgender policies.

Bondholder liens did not arise "solely by force of a statute," but depended on contract agreements and trust indentures and therefore don't survive bankruptcy, the court said.

Florida counties are facing off against a PACE bond-issuing agency over whether they must collect taxes that would back up to $5 billion in approved bonds.

The long-running financial problems of the Donald W. Wyatt Correctional Facility in Central Falls, Rhode Island, resulted in a Chapter 11 filing this month.

Meanwhile, settlements in New York and California cases may be near.

The Puerto Rico Oversight Board want the U.S. Appeals Court for the First Circuit to uphold a lower court's rejection of the bondholders greater than $3.7 billion claim.

A hearing on the borrower's motion to dismiss is set for July 15.

The appointment of Don Huffines, a former state senator who won the March 3 Republican primary election for comptroller, takes effect Aug. 1.

Puerto Rico's debt and budget situations have improved but its political culture and economic trajectory haven't, many observers say.

The Trump administration's attempt to strip funds for the Gateway Hudson River rail tunnel project "fragrantly" violated federal law, according to a judge.

A lawsuit filed in federal court comes as the turnpike was seeking approval from a state oversight council for $1.5 billion of revenue bonds.

The bankruptcy case of a small Washington state city can move forward, a U.S bankruptcy court judge ruled, rejecting a legal challenge by a developer.

Conners & Co. consented to FINRA's findings without admitting or denying them.

The groups are taking additional steps to try to stop or pause development of a major industrial park between New Orleans and Baton Rouge.

A state court validated up to $1.35 billion of Series 2026 special tax revenue bonds for a project to replace the city's convention center.

Hays County prevailed in its appeal of a district court ruling affecting nearly $440 million of general obligation bonds voters approved in 2024.

The developer faces no penalties from the missed interest payment.

The letter from officials in Democrat strongholds asked the rating agencies to maintain their focus on financial analytics in viewing energy-dependence, rather than being swayed by the political winds.

The rating agency gave the city a negative outlook in November 2024, following voter approval of a ballot measure requiring more public safety funding.

A federal appeals court panel stayed a lower court decision that found the 2021 state law to be unconstitutional.