Lawsuits

MBIA Inc. used National Public Finance Guarantee and MBIA Insurance to "perpetrate a fraud on investors," the COFINA bondholders said.

Jeffrey Puzzullo is the fourth person to plead guilty in the now-notorious Legacy Cares case.

The Trump administration filed the lawsuit Tuesday ahead of UC Regents plans to price $1.93 billion in revenue bonds.

A federal judge dismissed a case against Ambac Financial, Ambac Assurance, National Public Finance Guarantee and MBIA Insurance but allowed the case against MBIA Inc. to continue.

The lawsuit contends the city is not complying with a 2024 voter-approved charter amendment requiring increased spending on police.

A three-judge panel said the department could not prove the project was a modification of the existing infrastructure, which would have given it the authority to issue bonds.

A federal judge set oral arguments for Jan. 28 in the legal fight over the Metropolitan Transportation Authority's congestion pricing tolls in Manhattan.

A California Supreme Court ruling could eliminate the need for validation lawsuits before issuing pension obligation bonds, the winning attorneys say.

In a case stemming from a PACE bond authorization, the majority said language in Florida law giving finality to bond validations must be respected.

Pasadena and the Rose Bowl Operating Co. are suing UCLA, saying plans to relocate football games to SoFi stadium could jeopardize $130 million in revenue bonds.

22 municipalities are suing the state over vehicle-license fees they say California has failed to pay them.

Fiddlers Canyon's complaint should be dismissed for several reasons, UMB said. 

"Despite the plethora of red flags, UMB wired the requisitioned amount based on the fraudulent wire instructions," the plaintiff said in its complaint.

The city comptroller says Buffalo's finances are in dire shape, and is fighting in court not to issue debt authorized by the mayor and city council.

The Cleveland City Council will decide whether to approve a deal struck by Mayor Justin Bibb with Haslam Sports Group, owners of the NFL's Cleveland Browns.

The case challenges Oklahoma's authority to collect income taxes from Native Americans who live and work on tribal reservations.

The county agreed to pay an additional $828 million to victims of childhood sexual abuse who sued under a 2019 state law that raised the statute of limitations for such cases.

The Howard Jarvis Taxpayers Association appealed to California's high court in a case challenging San Jose's plans to issue pension obligation bonds.

Bondholders say the insurers reneged on the bond insurance terms, which both firms deny in filings for the case, filed six years after the COFINA restucturing.

A state appeals court found that a simple majority approval by voters was sufficient on a 2020 hotel bed tax measure that reached the ballot via initiative.