Law and legal issues

Legacy Cares, which filed for bankruptcy in May, is trying to sell Legacy Park, which was financed with now-defaulted bonds issued in 2020 and 2021.

California lawmakers have asked the state Supreme Court to block a ballot measure that would radically alter the state's tax structure.

Final state approval of the debt was conditioned on the resolution of a petition to the Oklahoma Supreme Court to revisit its Aug. 1 validation of the debt.

The embattled Senator has an extensive understanding of public finance issues and has worked with muni groups on important legislation.

With class certification now in hand, the cities that brought the lawsuit have two weeks to outline how other municipalities will be provided notice of the chance to join.

Kevin Stitt ordered a special session to put the state on a path to zero income taxes and consider a proposal sparked by a dispute over Native American taxation.

Bond trustee UMB Bank informed owners of the defaulted debt they may have actionable claims related to the bonds' sale.

State Controller Malia Cohen said she stepped up to help draft audit guidelines following a charter school fraud case that cost the state $400 million.

The private equity firms accused the bank of concealing key changes to a credit agreement, in part because it wanted to win future muni bond business from Brightline Holdings.

The rating is the first so far released for a controversial debt sale that will begin financing a $5 billion, 15-year toll road expansion project.

The bond issue, which was delayed due to litigation, would be the first debt sold by the turnpike authority for its $5 billion, 15-year toll road program.

Trinity Regional Hospital Sachse filed for Chapter 11 bankruptcy after problems left it unable to pay municipal bond debt service or cover operating expenses.

The state's Council of Bond Oversight will once again consider $500 million of bonds for a controversial $5 billion Oklahoma Turnpike Authority expansion.

The 32-bed Trinity Regional Hospital Sachse opened in 2021 and was funded through municipal bonds sold through the Wisconsin-based Public Finance Authority.

The settlement, which hinged on a successful exchange of old bonds for fresh debt, resolves long-running investor litigation.

The state government says community hospitals will be awarded a combined total of close to $300 million of assistance. 

The Uinta Basin Railway, which aims to transport crude oil, is eying up to $2 billion in private-activity bond authorization.

Missouri's move to directly regulate asset managers on ESG-related matters marks a new front on the ESG battleground.

Nashville Senior Care, LLC's Chapter 11 filing impacts bonds sold through conduit issuers in Florida, Ohio and Tennessee.

Recent laws extend the statute of limitations for child sexual abuse victims to file civil claims, impacting California school districts and counties.