Law and legal issues

The hiring of an underwriter moves the city closer to a debt restructuring that is called for in a legal agreement with holders of defaulted bonds.

The U.S. Supreme Court ruled in McGirt v. Oklahoma that Eastern Oklahoma remains tribal land, and the repercussions continue to play out.

California Treasurer Fiona Ma accused of sexually harassing agency director

Lawyers for the commonwealth warned that Puerto Rico’s legislature will not pass the legislation for new bonds needed by the plan of adjustment if the plan cuts pensions.

The Oversight Board struck a deal with the main group of the territory’s unsecured creditors, easing the path to final court approval of a debt restructuring.

The city, which Moody's downgraded last week, is appealing a Nassau County judge's ruling that has it on the hook for $131 million over a dispute with a developer.

The state's court is weighing whether to allow a public vote on proposed charter revisions that Mayor Mike Duggan warns could trigger a fiscal crisis.

By contrast to the circus surrounding the Board of Elections, the City Council quickly passed a record $98.7 billion spending plan drama-free.

Board says all the objections to disclosure statements are without legal merit or should be addressed at the plan of adjustment confirmation.

The fiscally strained Chicago suburb's firefighters' fund isn't entitled to share in ARPA relief under a 2018 settlement, a state circuit court judge ruled.

Only two of the nine justices were in favor of adding New Hampshire v. Massachusetts to the docket for the fall term.

Following the change, S&P now views all U.S. public finance sectors as stable with the exception of higher education.

The U.S. Supreme Court's upholding Obamacare removes one potential headache for a healthcare sector still recovering from the COVID-19 pandemic's wounds

The New York-based firm agreed to be censured, pay the penalty, and remedy alleged problems with its supervisory system.

Bank of America, JPMorgan, Goldman Sachs, Citigroup, UBS, Morgan Stanley, RBC, and Santander are defendants.

Charter revisions that Mayor Mike Duggan says could bankrupt the city will remain on the ballot at least for now as the state's high court considers the case.

The Detroit Charter Review Commission will appeal the Circuit Court decision about proposed changes Mayor Mike Duggan warns threaten the city's fiscal health.

FINRA arbitrators ordered the wealth manager and closed-end funds manager to pay damages as it resolves outstanding claims stemming from the island’s fiscal crisis.

The state Supreme Court upheld with the original circuit court ruling tossing out the lawsuit, which sought to invalidate more than $14 billion of GO bonds.

The state's high court justices could resolve legal questions raised in a lawsuit that argues `$14 billion of outstanding GOs are invalid.