Washington

The House Judiciary Committee is unlikely to pass legislation that would give Puerto Rican public municipalities and utilities the ability to file for bankruptcy under Chapter 9, committee chair Bob Goodlatte, R-Va., said in a Wednesday statement.

Orrick, Herrington & Sutcliffe LLP attorneys take a look at the Securities and Exchange Commission settlements with 36 municipal securities underwriters pursuant to the Municipalities Continuing Disclosure Cooperation initiative.

The Municipal Securities Rulemaking Board is giving 529 college savings plan underwriters a 60-day extension on the first date data submissions are due under a recently adopted rule.

The Supreme Court has declined to hear the case of ex-Miami, Fla. budget director Michael Boudreaux, sending the former official and the city back to court to fight a Securities and Exchange Commission lawsuit in a move some lawyers fear could hurt municipal officials' abilities to do their jobs.

A federal judge in Alabama has ordered mediation in the Securities and Exchange Commission’s pay-to-play suit against two ex-JPMorgan bankers involved in Jefferson County sewer deals.

As the Municipal Securities Rulemaking Board continues to gather information on bond ballot contributions and weigh its regulations on the topic, concerns about possible pay-to-play issues from the contributions are already finding their way into the public eye.

In penalizing corporate wrongdoers with fines, the justice system is missing a crucial component of what criminal law is supposed to be about. Criminal law is supposed to address wrongs against society.

Scranton disregarded pension laws in its payment of double benefits to 35 employees over the last 12 years at a cost of $2.9 million, said Pennsylvania Auditor General Eugene DePasquale.

State and private universities, local and state government agencies, and even the federal government have announced significant data breaches that compromised information and caused significant operational disruptions.

The Securities and Exchange Commission tried to refute criticisms of its controversial disclosure violations self-reporting program while providing some hints about its attitudes toward what violations are important to investors, lawyers said Monday.