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Recent court decisions have the potential to up the ante in lawsuits accusing major banks of manipulating the variable-rate market.
September 30 -
Swain said the bondholders lien on revenues and the recourse nature of the bonds needs to be determined. The judge would likely order a plan confirmation hearing take place by June 2023.
September 28 -
The mall operator want a downward reassessment of the property's estimated value, a move that could reduce quarterly PILOT payments that back tax-exempt bonds.
September 23 -
The Utah Inland Port Authority, which sold $150 million of bonds in December, asked the audit team to provide direction on potential risks.
September 22 -
The Oklahoma Turnpike Authority has asked the state Supreme Court to validate bonds that would commence funding for a $5 billion, 15-year extension project.
September 9 -
A three-judge panel reversed a district court's ruling in favor of the city's Firefighters' Relief and Retirement Fund that the law was unconstitutional.
August 31 -
Hazelwood's mayor posted a letter on the city website warning of potential bankruptcy if the city can't renegotiate its deal with a fire protection district.
August 18 -
A county judge ruled that a lawsuit alleging Open Meeting Act violations on the part of the Oklahoma Turnpike Authority will remain in his court unless the state supreme court chooses to exercise original jurisdiction.
August 17 -
The inclusion of swaps has the potential to increase claimed damages in the New York State lawsuit, though banks view swap materials as providing a potential defense.
August 17 -
Borrower Jasper Pellets and trustee US Bank have been locked in a legal battle after the company filed for Chapter 11 bankruptcy on May 27.
August 17