Law and legal issues

Chicago says its met its obligations under the state pension code; all four of its pension funds have filed shortfall claims with the state.

The Clearwater Cay Community Development District’s bondholders and trustee say the required approval from the governor wasn’t obtained.

Some of the solutions contemplated to bring the investor-owned utility out of bankruptcy involve tapping the municipal bond market.

“The City of Harvey, through no fault of Comer’s and unrelated to Comer’s fiduciary obligations, tainted the district’s offering,” according to the defense.

Accusations that the university violated a moral obligation in connection with bonds for a student housing P3 are false and defamatory, its attorney says.

The county’s proposed general fund budget appears to display an unconscionable lack of fiscal discipline.

Opponents of the $700 million adopted budget say $2.5 million of spending choices may begin a slide back to Chapter 9.

PHC not seeking financial damages, instead wants permanent injunction to cease alleged conduct.

The law firm representing the trustee for a $250 million student housing complex accused the University of Oklahoma of predatory behavior.

“I think there’s enough demand for Illinois bonds," said Vikram Rai, head of Citi's municipal strategy group.

The FBI probe and churn in upper management may make future rate increases a tough sell, S&P analysts said.

Municipal utility MEAG is preparing to issue $725 million of bonds to finance a portion of its share of work at Plant Vogtle.

The state's GOs recovered by 20 basis points or more late Thursday and into Friday, but a promised appeal hangs over the credit.

China's recently announced suspension of U.S. agricultural imports escalated trade-related risks to U.S. agriculture, said Fitch Ratings.

There are no reasonable grounds for the lawsuit to proceed, said the order from Jack D. Davis II. An appeal is planned.

Two courts have interpreted a legal question key to the VRDO lawsuits very differently.

Court filings cite Santee Cooper internal communications that differ markedly from public disclosures about a nuclear power project that went on to fail.

Pocatello agreed to a $4.5 million settlement in the class action lawsuit about utility fees.

“Reporting unauthorized transactions is certainly a good first step in building cooperation,” said one lawyer. “But there could be a lot more to it.”

A bond insurer and bondholders may file complaints in the Miami-Dade County Expressway Authority's lawsuit challenging a state law abolishing the authority.