Law and legal issues

Rhode Island's Supreme Court has disbarred former House of Representatives Speaker Gordon Fox, who pleaded guilty last month to federal corruption charges.

Recent news signals continued trouble for Atlantic City, N.J., according to Moody's Investors Service.

The New Jersey Supreme Court agreed on April 6 to hear the state's appeal of a Superior Court ruling that sided with unions who sued Gov. Chris Christie after he stripped $1.6 billion of pension contributions from the budget.

Despite the bankruptcy of its current operator, the Indiana Toll Road continues to show the benefits of privatization, as does the new $5.7 billion bid for the road, Wells Fargo says in a new report.

A judge approved a tentative settlement to most legal challenges to Rhode Island’s 2011 law that overhauled pension benefits for state employees, said Gov. Gina Raimondo.

Struggling Illinois local governments should have the option of municipal bankruptcy, one mayor told lawmakers during the first airing of legislation that would add Chapter 9 to the state's statutes.

Indian River County, Fla., Tuesday filed a lawsuit asking a federal judge to block the issuance of $1.75 billion in private activity bonds for the All Aboard Florida private train project.

Las Vegas Monorail bondholders have until April 7 to take advantage of an Ambac tender offer that offers a better-than-anticipated recovery.

Craig General Hospital in northeastern Oklahoma continues to operate after filing for bankruptcy protection.

A Kentucky attorney says there's no evidence to support a lawsuit on behalf of Paducah Power against Prairie State or its developer, Peabody Energy.

The Georgia Supreme Court should rescind its approval of the public financing for the Atlanta Falcons’ $1.4 billion stadium, according to a March 26 motion.

A Missouri city is asking a state judge to void its contract with the Missouri Joint Municipal Electric Utility Commission in the latest push back from local governments angry over higher energy costs tied to the controversial Prairie State coal plant project.

The San Bernardino, Calif. bankruptcy differs from other municipal bankruptcies because the city's leaders are unable to strike deals with creditors, Ambac Assurance Corp.’s attorney said

The Atlantic City, N.J. emergency manager’s suggestions for tackling the city's fiscal crisis are a credit negative as they open the door to default, according to Moody's Investors Service.

Franklin Templeton Investments filed its first brief on March 25 appealing the ruling that allowed Stockton to exit bankruptcy.

A federal appeals court will hear oral arguments May 15 in the case of three convicted bid riggers seeking to have their convictions overturned.

Atlantic City Emergency Manager Kevin Lavin released a 60-day interim report Tuesday that does not mention bankruptcy but suggested a bond restructuring as one way to help the city's finances.

The Third District Court of Appeal in Florida has ruled that property taxes cannot be assessed against privatized military housing at the Key West Naval Air Station.

Rhode Island’s $621 million sale of tobacco settlement asset-backed bonds two months after a state judge cleared the deal was a huge boost for the Ocean State, said an attorney involved with the case.

Former Miami budget director Michael Boudreaux wants the U.S. Supreme Court to grant him immunity from a Securities and Exchange Commission lawsuit that has attracted a lot of attention from issuer officials and attorneys.