Law and legal issues

Two ex-JPMorgan bankers seek to revise their statements in an SEC case about the sale of Jefferson County, Ala.’s sewer debt, now that a key player has been deposed.

The three counties around Detroit objected to the city's bankruptcy exit plan, arguing that the proposed treatment of the massive Detroit Water and Sewerage Department would spell catastrophe for the aging system.

Karol Denniston, an attorney known for her municipal restructuring work, has left Schiff Hardin to work in Squire Patton Boggs' San Francisco office.

Under questioning from the federal judge overseeing Detroit's bankruptcy, bond insurer Syncora Guarantee Inc. said it would settle a year-long battle with the city for 75 cents on the dollar.

New Jersey called Tuesday for the dismissal of public worker unions' legal case that argues that Gov. Chris Christie is underfunding the pension plans.

Port St. Lucie, Fla., plans to issue new, long-term debt and use the proceeds to take out bonds issued for the bankrupt Digital Domain special effects studio project.

Cost increases to Pennsylvania's two primary pension systems are unsustainable and figure to rise by more than $600 million in 2014 and 2015, said revenue Secretary Dan Meuser.

Bruce Cole, the head of Mamtek US, the firm that triggered a $39 million municipal bond default on debt sold for a Missouri sucralose plant, will go to prison as part of a plea deal.

Detroit's attorneys launched opening statements on the first day of a historic trial on the city's bankruptcy exit plan, arguing that the city may not survive without the debt adjustment plan and defending a deal to raise money backed by the art collection.

Opponents of California's $68 billion high-speed rail plan filed a petition to review a recent ruling that allows the $8.7 billion bond issuance for the project.

The trustee on $8.5 million of revenue bonds issued to finance a wastewater treatment facility to support a now bankrupt meat processing company in a Chicago suburb has struck a deal to sell the bond-financed assets at a steep discount to the company that's taken over the bankrupt firm.

Barring any last-minute settlements with bond insurers, Detroit will begin defending its plan to restructure debt and begin to rebuild the battered city.

Eleven months after the close of fiscal 2013, Jefferson County, Ala.'s audit sheds little light on the county's financial condition since emerging from bankruptcy.

The judge overseeing Detroit's bankruptcy chastised bond insurer Syncora Guarantee Inc. for attacking federal mediators as biased and ordered the insurer to defend why it shouldn't face sanctions.

The Texas system for financing public schools remains in violation of the state constitution even after lawmakers restored some of the $5.4 billion cut in the 2011 session, state district court judge John Dietz ruled Thursday.

Detroit has finalized an agreement with Barclays Capital Inc. for up to $275 million in financing to exit Chapter 9 bankruptcy as the city gears up for a trial next week on its confirmation plan.

Former Orlando-Orange County Expressway Authority board member Scott Batterson was found guilty of bribery in a case that highlighted authority business, including bond discussions, being done in a backroom fashion despite state “sunshine” laws.

Opponents of bond financing for the Atlanta Braves new $672 million baseball stadium have filed notices of three appeals by the court's deadline.

A federal lawsuit seeking to halt Maryland's $2.4 billion Purple Line light rail project says track work will threaten endangered species.

John Campbell, charged with theft from a local nonprofit, resigned as city treasurer in distressed Harrisburg, Pa., and surrendered to prosecutors.