Litigation

California joined 21 other states and seven local governments to sue the federal government in an effort to overturn what they see as pro-coal rulemaking.

A review after the Puerto Rico special revenues court ruling led Kroll Bond Rating Agency to upgrade the Los Angeles Unified School District's GO bonds.

Moody's deemed the ruling a credit positive, because it provides more flexibility to raise taxes.

Solicitor General Fadwa Hammoud and special prosecutor Kym Worthy said they will expand the investigation based on new evidence.

Four California and Chicago school districts are among issuers to earn negative outlooks in Fitch revisions after a ruling in Puerto Rico's bankruptcy.

The lawsuit filed in federal court is now the second national suit alleging fraud in the variable-rate debt market.

The company that bought Vernon's power plant is suing the city in a case over whose fault it is that the plant operated below full capacity.

Banker Peter Cannava may be left to battle on alone, after the Securities and Exchange Commission and Wells Fargo told a federal court they have an agreement.

The California Supreme Court left the so-called California Rule on pensions untouched in a ruling favoring the state's right to eliminate an "air time" benefit.

The scope of the court's ultimate ruling in the first of five pension-related cases on its docket remains unclear after Wednesday's oral arguments.