Lawsuits

Illinois is asking state justices to resolve efforts to challenge $14 billion of outstanding general obligation bonds.

Tuesday's decision keeps the trial process rolling along, progress the accused banks were hoping to halt with their appeal.

The state Supreme Court declined to hear the case, ending a fiscal and legal dispute with the basketball team that left for San Francisco last year.

The legal wrangling over whether the state can control expressways in Miami-Dade County is expected to rage on well into 2021.

Moody's dropped the Chicago Archdiocese' rated debt by three notches to Ba1.

The Department of Justice filed a federal complaint alleging conditions at Alabama prisons violate the constitution, as the state continues to negotiate public-private partnerships to build three lockups.

The state attorney general is asking the court to clarify the legal standard for denying taxpayer actions and decide if the state constitution limits GO borrowing to capital purposes.

SCANA Corp. and South Carolina Electric & Gas Co. will pay a $25 million penalty for making false and misleading statements about the failed reactor project.

Fitch says the bond-financed settlement provides certainty and leaves the state's reserves intact, which puts the state on sound footing to manage the uncertainties with the coronavirus.

As state and local governments work to apply the California Supreme Court’s rulings, they are also bracing for the next wave of litigation.

Some justices appeared to be skeptical of arguments in case that seeks to overturn the ACA.

A federal judge largely rejected the arguments offered by Wall Street banks seeking to dismiss the lawsuit, which alleges a conspiracy to fix rates in the VRDO market.

The Florida Department of Transportation extended the suspension of Garcon Point Bridge toll collections because it is being used as a detour.

Toll collections on the Garcon Point Bridge have been suspended since mid-September because of Hurricane Sally, pitting the bond trustee against the state of Florida again.

Initiative 976, which would have cut car registration fees, would also required Sound Transit “to retire, defease, or refinance bonds”

The troubled south Chicago suburb hired Meristem Advisors to assist with the restructuring it agreed to in a consent decree with holders of defaulted bonds.

The lawsuit seeks up to $2 billion from JPMorgan, Stifel and Wells Fargo, saying they abetted the crisis in their role selling debt for the Karegnondi water pipeline.

The U.S. Supreme Court denied Indian River County, Florida's request for a writ of certiorari, leaving Brightline's bond financing intact.

Recent orders from the California Supreme Court in public pension cases indicate litigation on the matter has not ended.

Billions of public funds have been spent cleaning up the bay, but two lawsuits say those efforts are endangered because the EPA failed to do its job.