Law and legal issues

A bill restructuring a local expressway authority would order tolls to be lowered by 25%, threatening future road projects.

Nuveen, in its defense against Preston Hollow's lawsuit, says its conduct in the fight for bond business was legal whether the other firm likes it or not.

Westinghouse, the former contractor for the utility’s failed nuclear reactor project, filed a lawsuit to recover property it says the state-owned utility is withholding.

Four California and Chicago school districts are among issuers to earn negative outlooks in Fitch revisions after a ruling in Puerto Rico's bankruptcy.

Whistleblower Johan Rosenberg has alleged that the conspiracy cost issuers over $1 billion — $719 million in California, $349 million in Illinois, and $134 million in Massachusetts.

Cannava argues that emails, witness statements, and other evidence cast doubt on the SEC's claims that he acted recklessly.

If the ruling holds, analysts said special revenue bonds may have to be re-evaluated based on the general credit of the issuer.

Moody's Investors Service downgraded one public electric utility and assigned negative outlooks to three after reviewing potential wildfire liability exposure.

Fallout from a decision against Warwick, Rhode Island's two-tiered firefighter system raises red flags, says pension expert James Spiotto.

The lawsuit filed in federal court is now the second national suit alleging fraud in the variable-rate debt market.

Platte County wants a court to confirm its decision to walk away from an appropriation pledge.

Federal transportation officials authorized another $950 million in private activity bonds for Brightline, also known as Virgin Trains USA.

The company that bought Vernon's power plant is suing the city in a case over whose fault it is that the plant operated below full capacity.

The Trump administration will finalize $3.7 billion in loan guarantees to Southern Co. and its partners who are building a troubled nuclear reactor project in Georgia.

A Chicago-area ice rink facility built with $20 million of bonds is being sold for $10 million.

Banker Peter Cannava may be left to battle on alone, after the Securities and Exchange Commission and Wells Fargo told a federal court they have an agreement.

Preston Hollow's accusations against Nuveen of bully tactics underscore the cutthroat competition for market share.

The Berkeley County School District said its financial advisors and bond counsel were involved a fraud scheme that sent its CFO to prison.

While the board is also seeking high court review, its goals are opposite of those of the union.

The man behind the allegations of widespread VRDO fraud is Bjorn Johan Rosenberg.