Litigation

Lawsuits against the Los Angeles Department of Water and Power over wildfire liability crystalize the need for state governments to take the lead, said MMA's Matt Fabian.

Appeals challenging authorization for $1.45 billion of ratepayer-backed bonds sold in the wake of a 2021 winter storm are in the hands of the high court.

The Trump administration has released some funds but work on the megaproject remains halted.

The lawsuit contends the city is not complying with a 2024 voter-approved charter amendment requiring increased spending on police.

Cases involving bonds for the city's convention center and a light-rail project are pending before the Texas Supreme Court.

The price drops follow a lawsuit filed Friday by bondholders alleging the mall's owners colluded with the city of East Rutherford to lower the property assessment.

Federal grants and loans account for $15 billion of the $16 billion Hudson Tunnels project.

The lawsuits argue that the owner of American Dream and East Rutherford, New Jersey, which sets tax assessments for the mall, colluded to depress its valuation.

A federal court decision enjoins the state from enforcing a 2021 law that penalizes investment banks and others for "boycotting" the fossil fuel industry.

It's the first time the regulator has named VRDO rate-resetting process as an area of review.

Platte County, Missouri, formally withdraws from public financing of a shopping center that sparked court battles after its sales tax revenues began to falter.

Bondholders are seeking compensation from the U.S. government for their losses in the restructuring.

A three-judge panel said the department could not prove the project was a modification of the existing infrastructure, which would have given it the authority to issue bonds.

A California Supreme Court ruling could eliminate the need for validation lawsuits before issuing pension obligation bonds, the winning attorneys say.

In a case stemming from a PACE bond authorization, the majority said language in Florida law giving finality to bond validations must be respected.

The city's rejection of the petition, which aims to stall or submit the largely bond-financed convention center project to voters, is being challenged in court.

The toll road agency's financial and other practices were targeted in a November legislative study, which could lead to another round of reform legislation.

The California Debt and Investment Advisory Commission explored public finance solutions to child sexual abuse claims this week at an event in San Diego.

The ruling comes as the municipal bond market closely watches the administration's effort to control federal infrastructure spending.

City Manager Oliver Chi unveiled a plan to invest $60 million to change the city's current trajectory.