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The Securities and Exchange Commission and three defendants allegedly involved in a pay-to-play scheme to steer billions of dollars of business from a New York pension fund to certain firms have agreed to ask a federal court to stay the civil case resulting from the charges while two criminal cases moves forward.
January 27 - Texas
Gainesville Hospital District in North Texas is reorganizing under Chapter 9 bankruptcy with $19.7 million of general obligation bonds insured by Ambac.
January 25 -
In oral arguments on Jefferson County, Ala.s bankruptcy plan last month, the 11th Circuit Court of Appeals expressed concern that ratepayers challenging the plan did not request a stay before bonds were sold.
January 25 -
Illinois' latest stab at pension reform is unconstitutional and will face a court challenge if it becomes law, a union lawyer warned lawmakers Tuesday.
January 25 -
A Northern California healthcare district that closed its only hospital with $57 million of certificates of participation outstanding is sorting out its obligations in bankruptcy court.
January 23 -
After R.J. Reynolds sold four cigarette brands to ITG Brands, Florida Attorney General Pam Bondi sued the companies saying they have refused to comply with terms of the states 1997 tobacco settlement deal.
January 23 -
Stephen Reed, Harrisburg, Pa., mayor from 1982 to 2009, pleaded guilty to stealing city-purchased artifacts.
January 23 -
A federal court handed a victory to holders of Puerto Rico Employment Retirement System bonds Tuesday, one of bondholders first legal victories since Puerto Rico started defaulting about a year ago.
January 18 -
With a privately owned passenger train service just months away from starting up in south Florida, opponents told a federal judge it would be inequitable to dismiss their lawsuits because of a backroom deal involving public financing for the project.
January 18 -
The California Supreme Court has declined to hear an appeal from a group opposing the construction of a new basketball arena in San Francisco.
January 18