Law and legal issues

Talks between original holders and a law firm over potential securities fraud litigation did not pan out, and trustee UMB NA has canceled all the bonds.

The Oklahoma Turnpike Authority took action on Thursday to head to the state Supreme Court to validate $5 billion of planned bond issuance.

Some observers of Puerto Rico politics are concerned its government continues to avoid fiscal responsibility, ignoring past mistakes that led to the bankruptcy.

The mammoth Sacramento-based health system experienced ratings downgrades in 2021 under the threat of multiple lawsuits, seismic costs and COVID-19 challenges.

An Illinois judge upheld the constitutionality of the state's consolidation of downstate public safety pension funds; an appeal is expected.

A nonprofit Texas-based retirement community operator filed for Chapter 11 bankruptcy on Monday to deal with its troubled debt and sell its assets.

The temporary injunction halts all work on Pennsylvania's $2.2 billion Major Bridges program.

The office of Rob Bonta filed its objection to the dismissal with a California appellate court in San Francisco May 19.

An appeals court ruled the state won't have to pay $1.2 billion in total damages in a forest management lawsuit.

The suit by local police pension funds slowed the consolidation process that Gov. J.B. Pritzker touted as helping local governments manage rising pension costs.

The court's decision leaves issuers back to looking for a legislative solution.

Nuveen is asking a judge to toss Preston Hollow Capital's defamation claims as a summer trial looms.

Bondholders will vote on a Chapter 9 bankruptcy exit plan that would pay full principal and interest on Atoka County Medical Center bonds.

The enrollment controversy hasn't affected the nine-campus University of California system's bond ratings.

The lawsuits challenge the procedures the NFL used to move the San Diego Chargers to Los Angeles.

A judge has set a March 23 hearing on the Atoka County Healthcare Authority’s disclosure statement for its plan to end a five-year-long bankruptcy.

SIFMA had argued that the SEC's temporary exemption order for municipal advisors was arbitrary and capricious.

A judge has ordered the state to reconsider its rejection of a bid for a $9 billion P3 for new toll lanes, a move that could delay Gov. Larry Hogan’s priority project.

School districts that impose COVID-19 related mitigation measures face state lawsuits and can't participate in the Missouri's bond enhancement program.

Mamtek US's long-running Chapter 7 bankruptcy is expected to pay out $1.6 million to the trustee for the $39 million defaulted Moberly, Missouri, bond issue.