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WASHINGTON - The Securities and Exchange Commission yesterday sought to limit the influence of credit rating agencies and boost the role of analysts at investment firms, in the last of three sets of new rating agency rules the SEC has proposed in response to the subprime mortgage crisis.
June 26 -
SAN FRANCISCO Vallejo, Calif., on Tuesday asked a bankruptcy judge for permission to reject labor contracts and said it plans to cap interest payments on its outstanding municipal debt.
June 19 -
CHICAGO A federal judge yesterday set Nov. 3 as the trial date for former Bear, Stearns & Co. public finance banker P. Nicholas Hurtgen on charges that he participated in an extortion scheme involving a Chicago-area hospital as it sought state regulatory approval to build a new hospital.
June 19 -
A judicial panel this week ordered the consolidation in a federal court in New York City of seven related class action lawsuits brought by a number of states and localities that allege Wall Street and other firms conspired in anti-competitive price fixing of municipal derivatives and guaranteed investment contracts.
June 18 -
BRADENTON, Fla. — A Jefferson County, Ala., resident yesterday filed a 14-count lawsuit against hundreds of people and firms connected with the county's troubled $3.2 billion sewer debt program.
June 18 -
SAN FRANCISCO — Finance officials in Vallejo, Calif., which filed for Chapter 9 bankruptcy protection last month, told the City Council last week that they are close to an agreement with Union Bank of California to restructure outstanding variable-rate debt.
June 16
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SAN FRANCISCO - San Diego voters go to the polls today in an election that will serve as a referendum on the financial reforms California's second-biggest city has undertaken since its 2004 pension and municipal disclosure scandal.
June 3 -
A rural California water district that sued its financial adviser two years ago for alleged malpractice, last week paid the firm $300,000 to settle a counterclaim that the original lawsuit hurt the FA's business.
October 19 -
A rural California water district is suing its former financial adviser for fraud and professional malpractice, alleging that the firm misrepresented a 1991 assessment bond which later defaulted.
October 1
