Law and legal issues

The defendants believe the charges are lacking on numerous levels while the SEC argued that fee-splitting is a clear and known rule violation.

Attorneys say the first step is to get a court to stay enactment of the Plan of Adjustment, but that it is unlikely.

The bankruptcy judge is unlikely to rule on the Plan of Adjustment and related legal documents until the federal government has filed its defense.

The credit unions had bought $976 million of Puerto Rico bonds and notes, which they alleged they were coerced to purchase by Puerto Rico government and its agencies.

Democrat-leaning states argue that the $10,000 SALT cap deduction is politically motivated and violates the U.S. Constitution.

The complaint, targeting Louisiana’s complex sales tax collection system, comes after voters rejected a constitutional amendment to simplify local sales and use tax collection.

The defendants are raising questions about due process and the definition of fee-splitting arrangements.

For $790 million, the NFL settled a suit alleging that the league failed to follow its own rules when it allowed the Rams to leave St. Louis for California.

States could be forced to return stimulus aid if the Treasury Department finds the funds were used to offset tax cuts.

The Securities and Exchange Commission has charged an Illinois-based broker with defrauding three investors out of $800,000 by luring them into investing in nonexistent tax-exempt bonds.

Avoiding even the appearance of representing conflicting interests is important for attorneys and municipal advisors alike.

The Commission’s enforcement results highlight the importance of proper disclosure.

Michigan issued debt in June to cover its portion of the settlement approved by a federal judge Wednesday.

The legislation Gov. Pedro Pierluisi signed late Tuesday is sufficient to issue new bonds, the board said, which was integral to getting the island out of its $33 billion bankruptcy.

The case may turn on whether the SEC’s temporary order is capable of repetition and evading review.

Payments under the opioid settlement are too short-lived to securitize and local government participation remains unclear.

They argue the takeover violates their constitutional rights and say a voter-approved tax measure is illegal because it originated with state-appointed leaders.

A lawsuit accusing underwriter Stifel of negligence on one bond issue is pending and broader claims related to the financings are being considered.

Nathan Coco and Megan Preusker joined the firm this month, deepening the expertise offered by the firm's bankruptcy and restructuring practice.

Authorization to sell new bonds to replace existing debt is a necessary step to help finalize the island territory’s record bankruptcy.