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East Clevelands plan to avert bankruptcy by merging with neighbor Cleveland is back to the drawing board after terms were rejected by the Cleveland City Council.
August 26 -
The default of some unrated nonprofit project bonds in Michigan and subsequent struggle to recover funds highlights the frustration bondholders sometimes feel in working with trustees, who are tasked with acting as the agents of the investors in distressed and default situations.
August 26 -
A California appeals court's ruling upholding Marin County's pension changes is a positive development for the credit of not only the county, but also California and its other local governments, Moody's Investors Service said Thursday.
August 26 -
Maryland and Federal Transit Administration officials want a federal judge to restore funding for the $5.6 billion Purple Line light rail public-private partnership project that was shut down by court order in early August.
August 25 -
Wells Fargo Securities and Barclays Capital have agreed to pay the Rhode Island Commerce Corp. $25.6 million in a proposed settlement of a lawsuit involving a loan to former videogame company 38 Studios, the state announced Tuesday.
August 23 -
A criminal case alleging two Ramapo, N.Y. officials misled investors and credit rating agencies in connection with municipal bonds would go to trial on Jan. 9 under the timeline the federal judge has put forth for the proceedings.
August 23 -
A district court lawsuit challenging the legality of the District of Columbias Local Budget Autonomy Act and D.C.s push for budget autonomy was reassigned to a new judge last month.
August 22 -
A California state appeals court ruling may open the window for governments to change the future benefits of existing employees.
August 19 -
The 11th Circuit Court of Appeals delayed oral arguments in Jefferson County, Ala.'s bankruptcy appeal until November, and now plans to hear the case in Montgomery, instead of Atlanta.
August 18 -
Lawsuits by two Florida counties challenging the $1.75 billion private activity bond award for the All Aboard Florida passenger train project can proceed, after a federal judge ruled in the counties' favor.
August 17