Law and legal issues

Wednesday marks the 10-year anniversary of Detroit's exit from bankruptcy. Its Chapter 9 declaration in 2013 was the largest municipal bankruptcy in the U.S.

Calling it a "tragedy" for residents, without a negotiated setllement resolution could be years away, mediators said.

A circuit court judge earlier this year struck down the law prohibiting state and local government contracts with firms "boycotting" the fossil fuel industry.

Principal Street Partners will acquire the bankrupt firm that specialized in high-yield bonds issued for senior living facilities and charter schools.

A dispute over open meetings laws has stalled progress on UI's plans to purchase online University of Phoenix.

PREPA says it is short on money and Genera's parent company has said it may go out of business.

After losing its first appeal, the Puerto Rico Oversight Board initiated a second appeal with the First Circuit Court of Appeals.

A bankrupt city's only asset is mired in its history of corruption and a statewide fight over utilities privatization.

The county achieved its many goals through long-running discipline, planning, and intelligent risk taking.

The Fitch Ratings commentary considered ratings of airports in Florida, Nevada and South Carolina, which are most dependent on the airline for passenger traffic.

Pewaukee, Wisconsin, is the target of lawsuits from a private industry group over a transportation utility fee that was struck down earlier this year.

The decision is expected to be appealed to the Georgia Supreme Court and the ruling could have implications for the muni bond industry.

The low-rated, Phoenix-based university turned to a public debt sale after refinancing maturing outstanding bonds with bridge loans.

The group of five banks deny long-standing charges from a Minnesota-based whistleblower that they conspired to artificially inflate the rates on variable-rate demand bonds.

The court affirmed its earlier decision, which means bondholders have a claim on the full $8.5 billion due.

The county is reviewing responses to a request for proposals to help fund construction of a replacement jail through a bond-financed lease-purchase arrangement.

The turnpike plans to sell $1 billion of revenue bonds in 2025's first quarter to continue funding for an expansion project now estimated to cost $8.2 billion.

The Payson Town Council rescinded its approval for $70 million of bonds targeted by a lawsuit filed in September.

The lawsuit targets emails with the message "from our friends in DC" that relate to the treasurer's list of firms restricted from state business.

Legal arguments in progress as the troubled city southwest of Philadelphia nears year three of bankruptcy could have wide-ranging precedents.