Law and legal issues

A federal judge sided with the private passenger train project and tossed out a suit by Indian River County, Florida.

UMB Bank also wants the Florida Department of Transportation to pay $75 million in damages.

Legal and accreditation problems led Fitch Ratings to lower its rating on the Florida HBCU six notches to CCC-plus.

Two recent cases saw bondholders take a hit because their liens were not considered to be perfected.

Lawmakers are meeting this week after the state Supreme Court struck down a major pension overhaul passed earlier this year.

A federal judge in Texas ruled that the Affordable Care Act is unconstitutional, which would affect nonprofit hospital credits if it withstands appeal.

Reps. Brian Mast and Bill Posey asked Transportation Secretary Elaine Chao not to extend a Dec. 31 deadline to issue private activity bonds.

A bankruptcy judge still has to review the sales agreement between Verity Health System and Santa Clara County.

The private passenger train project in Florida also faces new litigation from longtime adversary Indian River County.

The wholesale public power authority will refund outstanding debt, refinance commercial paper, and fund nuclear fuel for reactors 1 and 2 at Plant Vogtle.

While citing “noticeable, across-the-board improvements,” state Auditor Eugene DePasquale said significant work remains for the distressed city's three pension plans.

New Jersey's second-largest city resolved a feud over the bi-state agency's properties and payment-in-lieu-of-taxes agreements.

The scope of the court's ultimate ruling in the first of five pension-related cases on its docket remains unclear after Wednesday's oral arguments.

A think tank is urging residents to support selling the state-owned utility saying that would relieve ratepayers of paying billions in debt.

The case may challenge the California Rule, which has thwarted efforts to cut pension benefits.

The soon-to-depart governor continues to fight Medicaid expansion despite plans by his replacement to immediately implement the program.

The county, through a conduit issuer, will price $198.2 million in lease revenue bonds for its new civic center.

Puerto Rico credit unions say that the disclosure fails to provide concrete numbers on how bonds will be restructured.

Platte County's lawsuit is the latest turn in its efforts to shed its obligation to repay bonds for a struggling shopping center.

Fitch Ratings dropped the South Carolina utility’s rating two notches to A-minus and revised the outlook to negative, citing a legal claim by its largest customer.