Litigation

The case that has the potential to upend legal precedent about how public pensions are treated in California.

Moody's upgraded the revenue bonds of the largely industrial city near Los Angeles to Baa2 ahead of a $158 million refunding.

Residents in Riverside filed a lawsuit seeking to end the city’s practice of transferring water utility revenue.

Florida says it was harmed, but the special master in the water rights case said Florida lacked clear and convincing evidence that Georgia is responsible.

A special master will hear oral arguments Thursday in the federal lawsuit Florida filed in 2013, as both states incur significant legal costs.

In the SEC inquiry, along with a separate FAA investigation, regulators are trying to determine if airport revenues were misspent.

The Securities and Exchange Commission issued a non-public letter to the city of Atlanta last week, prompting a possible investigation into its airport.

The FBI probe and churn in upper management may make future rate increases a tough sell, S&P analysts said.

Pocatello agreed to a $4.5 million settlement in the class action lawsuit about utility fees.

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.

The case may challenge the California Rule, which has thwarted efforts to cut pension benefits.