Law and legal issues

A lawsuit alleging fraud accusing banks and broker-dealers of fraud in the variable-rate demand obligation market will proceed, an Illinois judge ruled.

Laura Taylor Swain indicated she liked the procedures proposed by the Oversight Board and Unsecured Creditors Committee.

The Chapter 11 filing creates uncertainty for the state and localities where the utility operates.

Rep. John Cortes wants new requirements for community development districts that purchase property and better disclosure for homeowners.

Ratepayers on the Jefferson County, Alabama, sewer system said the high court should decide if their appeal can proceed.

About $920 million of the investor owned utility's debt is in the form of municipal bonds.

Recent upheaval in senior management at Michigan State University won’t impact the timeline to sell bonds to fund sex-abuse settlements.

A spokesman for Florida Attorney General Ashley Moody said she is reviewing an anti-blasting petition filed by South Carolina.

KPC Group has agreed to be a stalking horse bidder for Verity Health System's remaining four hospitals.

California’s largest utility owner faces $30 billion in potential wildfire liabilities, and its bankruptcy plan has reverberated across the power industry.

Rating agencies don't expect major impacts to state and local governments from the troubled California utility's pending bankruptcy.

An arbitration decision against the tribe in connection with a revenue-sharing agreement is good for the city, according to Moody’s.

Indian River County filed an appeal and a new lawsuit against the private owners of Brightline.

Capital finance director David Erdman says VRDO fraud lawsuits piqued his interest in Clarity's platform.

Federal permits to search for oil put the state’s economy, tourism and natural resources at risk, says South Carolina Attorney General Alan Wilson.

Three lawsuits claiming fraud in the variable-rate demand obligation market are headed toward key court rulings in coming weeks.

Ron DeSantis' first executive order reverses some policies of predecessor Rick Scott on environmental and water issues.

State-owned Santee Cooper has charged its former partner in the project, SCE&G, with mismanagement and breach of contract.

A federal judge struck down New York State's newly enacted opioid tax, creating a potential budgetary challenge for the state as Gov. Andrew Cuomo gears up to unveil his next fiscal plan.

Platte County remains at odds with holders of the $32 million Zona Rosa bond issue about its responsibility to cover debt service shortfalls.