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The orchestra received a first-time A rating from S&P Global Ratings ahead of its bond sale next week.
May 17
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Philadelphia awarded a $190 million general obligation deal to banks the city is suing, alleging collusion on variable-rate debt.
April 29
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Whistleblower Johan Rosenberg has alleged that the conspiracy cost issuers over $1 billion — $719 million in California, $349 million in Illinois, and $134 million in Massachusetts.
April 4
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The lawsuit filed in federal court is now the second national suit alleging fraud in the variable-rate debt market.
March 27
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The man behind the allegations of widespread VRDO fraud is Bjorn Johan Rosenberg.
March 8 -
A large municipality with strong legal representation will draw attention, even from those skeptical of whistleblower suits alleging bank fraud in the variable-rate demand obligation market.
February 21
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Formal allegations of fraud by banks in the pricing of variable rate debt obligations appeared in a fourth state.
February 7
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The Chapter 11 filing creates uncertainty for the state and localities where the utility operates.
January 30
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About $920 million of the investor owned utility's debt is in the form of municipal bonds.
January 29
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Rating agencies don't expect major impacts to state and local governments from the troubled California utility's pending bankruptcy.
January 18
