Law and legal issues

The pace of recovery varies widely, and many local government budgets are in worse shape than before the 2008 financial crisis.

The Otero, N.M., County Board of Commissioners is suing a major Albuquerque-based law firm for legal malpractice, breach of fiduciary duty and breach of contract.

Gage County had consulted a bankruptcy attorney, who told officials it wouldn't qualify for Chapter 9.

Clients have filed hundreds of similar claims against UBS since 2013, with aggregate damages of $2.6 billion.

Fitch Ratings said it won't lower its ratings because of JEA's litigation attempting to shed a power purchase agreement with Georgia's MEAG.

The Georgia Supreme Court won't delay a referendum to de-annex half of Stockbridge, though the state's de-annexation law is still being challenged in court.

Technology problems with the nation's first commuter rail P3 threaten to unravel the partnership and junk the bonds issued for the project.

The placement carries a maturity of up to two years, and a Michigan State spokeswoman said the school will eventually issue long-term bonds.

Dan DiSalvo from the Manhattan Institute examines the impact of the Supreme Court's Janus v. AFSCME ruling on union dues. Paul Burton and Andrew Coen host.

The whistleblower responsible for federal investigations and lawsuits accusing banks and broker-dealers of fraud and collusion in the remarketing of variable rate demand obligations will likely be forced to go public because of a recent ruling by Massachusetts’ highest court.

The ratings of four Southeast public power agencies were lowered due to uncertainty about future costs to build the new reactors.

The state's chief auditor said the program to install high-speed internet across Kentucky is plagued with "botched" procurements.

The state Supreme Court upheld a law that safeguards local property tax exemptions for the hospitals.

State officials have lost two rounds in a lawsuit that says California improperly diverted money intended for homeowners to make payments on housing bonds.

MEAG joins two other owners of the Plant Vogtle project voting to move forward; Oglethorpe Power has yet to decide.

Florida’s JEA has asked federal regulators to review its power purchase agreement with Georgia’s MEAG, a move that could delay lawsuits filed over the matter.

The Chicago suburb will sell $3.9 million of GOs in its first bond market appearance after allowing hotel project bonds to default.

S&P Global Raings dropped Verity Health System to CC.

S&P placed the Florida utility’s bond ratings on CreditWatch Negative after JEA asked a court to void a power purchase agreement.

Ten years ago, the financial avalanche that altered the municipal bond market gathered speed with the bankruptcy of Lehman Brothers.