Lawsuits

The Securities and Exchange Commission has charged an Illinois-based broker with defrauding three investors out of $800,000 by luring them into investing in nonexistent tax-exempt bonds.

The case may turn on whether the SEC’s temporary order is capable of repetition and evading review.

The Federal Reserve told a judge not to scrap Libor as requested by consumers in a lawsuit because it would pose a risk to financial stability and undermine years of global planning for a transition to a new benchmark for borrowing rates.

The U.S. Supreme Court ruled in McGirt v. Oklahoma that Eastern Oklahoma remains tribal land, and the repercussions continue to play out.

The city, which Moody's downgraded last week, is appealing a Nassau County judge's ruling that has it on the hook for $131 million over a dispute with a developer.

By contrast to the circus surrounding the Board of Elections, the City Council quickly passed a record $98.7 billion spending plan drama-free.

Only two of the nine justices were in favor of adding New Hampshire v. Massachusetts to the docket for the fall term.

Bank of America, JPMorgan, Goldman Sachs, Citigroup, UBS, Morgan Stanley, RBC, and Santander are defendants.

The settlement shifts about $30 million of hospitality fee revenue from Horry County, South Carolina, to local governments there, including Myrtle Beach.

New evidence in PHC's defamation case against Nuveen has surfaced that involves Citi while a separate judge is considering whether to allow an antitrust charge to proceed