Variable-rate bonds

The proposed transition regulation addresses the possibility that such a modification of a debt instrument, derivative, or other financial contract could be a taxable transaction for federal income tax purposes or could result in other tax consequences.

The legal teams for Baltimore and Philadelphia asked the court to reject the banks’ plausibility argument as well as their claim that the suit is barred by a four-year statute of limitations.

The shuttered College of New Rochelle filed for Chapter 11 bankruptcy last week while it markets the Westchester County campus in an effort to pay off creditors.

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

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.

The court ruled against an interlocutory appeal by JPMorgan and other defendants accused of collusion in pricing variable rate demand obligations.

Morgan Stanley will price the flexible-rate deal with a 1.95% coupon, according to pre-sale pricing guidance.

The amended lawsuit references inside sources who allegedly confirm that the banks worked together in violation of antitrust law.

Lawsuits accusing banks and broker-dealers of fraud in the variable-rate demand obligation market helped cement the decision to use the platform.

Adding $374 million alleged in New York to the three other cases also filed by Johan Rosenberg brings the total damages claimed to $1.58 billion.