Lawsuits

The state's GOs recovered by 20 basis points or more late Thursday and into Friday, but a promised appeal hangs over the credit.

There are no reasonable grounds for the lawsuit to proceed, said the order from Jack D. Davis II. An appeal is planned.

Two courts have interpreted a legal question key to the VRDO lawsuits very differently.

Court filings cite Santee Cooper internal communications that differ markedly from public disclosures about a nuclear power project that went on to fail.

“Reporting unauthorized transactions is certainly a good first step in building cooperation,” said one lawyer. “But there could be a lot more to it.”

A bond insurer and bondholders may file complaints in the Miami-Dade County Expressway Authority's lawsuit challenging a state law abolishing the authority.

An Illinois circuit court judge will decide whether the case can proceed by the end of August.

Jack D. Davis II will decide by the end of the month whether to let the lawsuit challenging $14.3 billion of state debt proceed.

Nuveen and AllianceBernstein say Warlander Asset Management may be using the lawsuit to generate an "enormous profit" from credit default swaps.

Judge John Cooper ruled that the bill to abolish the Miami-Dade County Expressway Authority unconstitutionally usurps the county's home rule authority.

The insurer seeks at least $720 million from Wall Street firms that underwrote Puerto Rico bonds issued from 2001 to 2007.

Municipal group contends that the state has shortchanged them for years — to tune of more than $2 billion last year alone.

The SEC and Bank of Oklahoma differ in what they want a federal judge to do next in the Christopher Brogdon case, though both claim to have investors' best interests at heart.

Post trial briefs are the next step after the two-day trial wrapped up in Preston Hollow Capital's lawsuit accusing Nuveen of a banker boycott.

The complaint filed by Philadelphia and Baltimore fails to rise to the level of specificity needed to prove conspiracy, Wall Street banks told a federal judge.

Top Preston Hollow Capital and Nuveen officials take to the witness stand.

The complaint that seeks to void repayment of $14.3 billion of debt awaits a court decision on whether it can move forward.

The two-day trial in PHC’s antitrust lawsuit against Nuveen is set to begin unless the two sides reach a last-minute settlement.

The Miami-Dade County Expressway Authority is challenging a recent state law to abolish the agency.

The county contends that a state law dissolving the Miami-Dade County Expressway Authority violates its home rule authority.