Law and legal issues

The lawsuits concern bond disclosure in South Carolina, a Florida toll bridge default, and the federal water rights fight between Florida and Georgia.

The refusal to hear the bond trustee's appeal appears to end the litigation over whether Platte County bears legal responsibility to repay the debt.

Tuesday's decision keeps the trial process rolling along, progress the accused banks were hoping to halt with their appeal.

City officials say the continuation of enhanced taxing authority from Pennsylvania will help it refinance debt and avoid another fiscal cliff.

The state Supreme Court declined to hear the case, ending a fiscal and legal dispute with the basketball team that left for San Francisco last year.

The legal wrangling over whether the state can control expressways in Miami-Dade County is expected to rage on well into 2021.

The second bankruptcy of the Las Vegas Monorail was much smaller than the first, and bondholder Preston Hollow LLC is getting paid a full $22 million.

Moody's dropped the Chicago Archdiocese' rated debt by three notches to Ba1.

The Department of Justice filed a federal complaint alleging conditions at Alabama prisons violate the constitution, as the state continues to negotiate public-private partnerships to build three lockups.

The state attorney general is asking the court to clarify the legal standard for denying taxpayer actions and decide if the state constitution limits GO borrowing to capital purposes.

Deep bondholder losses are expected when the bonds issued for five Better Housing Foundation portfolios in and around Chicago emerge from Chapter 11.

SCANA Corp. and South Carolina Electric & Gas Co. will pay a $25 million penalty for making false and misleading statements about the failed reactor project.

Fitch says the bond-financed settlement provides certainty and leaves the state's reserves intact, which puts the state on sound footing to manage the uncertainties with the coronavirus.

As state and local governments work to apply the California Supreme Court’s rulings, they are also bracing for the next wave of litigation.

Paying post-petition bond interest to an unsecured creditor during the archdiocese's Chapter 11 bankruptcy is unusual, attorneys say.

Some justices appeared to be skeptical of arguments in case that seeks to overturn the ACA.

The COVID-19 pandemic pushed the Henry Ford Village continuing care retirement community over the fiscal cliff and into a Chapter 11 filing.

TMI Trust agreed to a settlement that allows bondholders to be paid interest during the Chapter 11 case of the Roman Catholic Archdiocese of New Orleans.

A federal judge largely rejected the arguments offered by Wall Street banks seeking to dismiss the lawsuit, which alleges a conspiracy to fix rates in the VRDO market.

Public finance made up just 3% of total standalone enforcement cases.