Law and legal issues

Cases involving bonds for the city's convention center and a light-rail project are pending before the Texas Supreme Court.

The price drops follow a lawsuit filed Friday by bondholders alleging the mall's owners colluded with the city of East Rutherford to lower the property assessment.

Federal grants and loans account for $15 billion of the $16 billion Hudson Tunnels project.

The lawsuits argue that the owner of American Dream and East Rutherford, New Jersey, which sets tax assessments for the mall, colluded to depress its valuation.

A federal court decision enjoins the state from enforcing a 2021 law that penalizes investment banks and others for "boycotting" the fossil fuel industry.

Potential buyers besides Emory University include Georgia-based health systems, other proton therapy operators and private equity firms.

Subordinate bondholders will likely be wiped out.

The board wants the court to reject a wide range of bondholder discovery requests related to their administrative expense claim.

The cash-strapped city of Chester had been hoping the water authority sale would be its route out of bankruptcy.

Orrick promoted three California finance attorneys to partner as part of its 2026 class.

The bill was introduced by a state senator whose district includes a county that is struggling to roll over a privately placed tax anticipation note.

It's the first time the regulator has named VRDO rate-resetting process as an area of review.

Platte County, Missouri, formally withdraws from public financing of a shopping center that sparked court battles after its sales tax revenues began to falter.

Bondholders are seeking compensation from the U.S. government for their losses in the restructuring.

A three-judge panel said the department could not prove the project was a modification of the existing infrastructure, which would have given it the authority to issue bonds.

A lawyer for the bondholders said a majority support the proposed treatment of the $61 million of outstanding bonds.

A federal judge set oral arguments for Jan. 28 in the legal fight over the Metropolitan Transportation Authority's congestion pricing tolls in Manhattan.

A California Supreme Court ruling could eliminate the need for validation lawsuits before issuing pension obligation bonds, the winning attorneys say.

In a case stemming from a PACE bond authorization, the majority said language in Florida law giving finality to bond validations must be respected.

The city's rejection of the petition, which aims to stall or submit the largely bond-financed convention center project to voters, is being challenged in court.