Law and legal issues

Moody's upgraded the revenue bonds of the largely industrial city near Los Angeles to Baa2 ahead of a $158 million refunding.

Bankruptcy hearings are underway for Lindan Properties, one of five troubled bond-financed Better Housing Foundation affordable housing portfolios in the area.

Indian River County commissioners voted to ask the U.S. Supreme Court to review its unsuccessful appeal against passenger train developer Brightline/Virgin Trains.

A long-awaited report on options for dealing with the state-owned utility is out.

The Illinois attorney general fires back in petitioner's effort to resurrect lawsuit that seeks to void $14.3 billion of state bonds.

The state stepped in to prevent Wall Street banks accused of wrongdoing in the variable-rate market from using what has been their most effective argument.

The failed attempt to sell Florida’s largest municipal utility and its contract to buy nuclear-generated electricity from a Georgia plant will be examined.

The state conduit that issued $170 million of defaulted Better Housing Foundation bonds is weighing in as S&P prepares housing bond criteria changes.

Recoveries would be from 65% to 77% for general obligation and Public Building Authority bondholders.

John Schroder's refusal to transfer unclaimed property funds to the state budget led the state to file suit.

A proposed asset sale would resolve — with a loss for bond investors — one of five Better Housing Foundation-owned portfolios in default in the Chicago area.

Scott Wiener plans to introduce a bill later this week outlining a plan to take over the bankrupt investor-owned utility.

An Oversight Board lawyer said that an announcement might be made in the next 30 days.

The impoverished Chicago suburb is working on a settlement to provide bondholders with some revenue while allowing the city to operate.

Pennsylvania Treasurer Joe Torsella discusses his state's lead role in a lawsuit against banks that led to a settlement over price fixing of government agency bonds. Paul Burton hosts.

Gavin Newsom's filing urges the judge overseeing the utility's Chapter 11 not to approve bankruptcy exit financing commitments.

Gov. Henry McMaster wants to sell the state-owned utility after its nuclear project debacle; a report to lawmakers on bids for Santee Cooper has been delayed.

Indian River County won’t pursue the federal litigation further, but it will proceed with a lawsuit in state court over the use of its railroad crossings.

At issue is the so-called "public disclosure bar," which prevents a whistleblower from pursuing a lawsuit based on publicly available information.

The last-ditch attempt to settle Preston Hollow Capital's lawsuit against Nuveen failed this week.