Law and legal issues

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.

The Florida Department of Transportation extended the suspension of Garcon Point Bridge toll collections because it is being used as a detour.

Toll collections on the Garcon Point Bridge have been suspended since mid-September because of Hurricane Sally, pitting the bond trustee against the state of Florida again.

Initiative 976, which would have cut car registration fees, would also required Sound Transit “to retire, defease, or refinance bonds”

The troubled south Chicago suburb hired Meristem Advisors to assist with the restructuring it agreed to in a consent decree with holders of defaulted bonds.

Detroit is selling $80 million of its speculative grade-rated GO paper with more on tap should voters sign off on $250 million of blight borrowing.

The lawsuit seeks up to $2 billion from JPMorgan, Stifel and Wells Fargo, saying they abetted the crisis in their role selling debt for the Karegnondi water pipeline.

UMB will ask the state Supreme Court to consider its argument that Platte County is legally obligated to repay defaulted bonds issued for a shopping center.

The U.S. Supreme Court denied Indian River County, Florida's request for a writ of certiorari, leaving Brightline's bond financing intact.

A U.S. Supreme Court ruling that affirmed the existence of Indian reservations across the eastern half of the state will mean lost tax revenue, officials said.

Georgia's MEAG Power, Jacksonville, Florida, and its utility, JEA, received two-notch rating boosts from Moody’s after settling their federal lawsuit.

Recent orders from the California Supreme Court in public pension cases indicate litigation on the matter has not ended.