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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 -
The Chapter 11 filing creates uncertainty for the state and localities where the utility operates.
January 30 -
About $920 million of the investor owned utility's debt is in the form of municipal bonds.
January 29 -
Rating agencies don't expect major impacts to state and local governments from the troubled California utility's pending bankruptcy.
January 18 -
Capital finance director David Erdman says VRDO fraud lawsuits piqued his interest in Clarity's platform.
January 16 -
Three lawsuits claiming fraud in the variable-rate demand obligation market are headed toward key court rulings in coming weeks.
January 14 -
A planned elimination of variable-rate debt exposure and termination of outstanding swaps lifted the bi-state transportation agency's rating outlook.
November 19 -
What began as trouble in the housing and mortgage markets shook the whole world in 2008, including a municipal bond industry that had to learn to live without bond insurance, auction-rate debt and some big investment banks.
October 22 -
In their pleading, banks said the plaintiff is "precisely the sort of 'busybody' " that is prohibited from making such claims.
October 16 -
The whistleblower responsible for federal investigations and lawsuits accusing banks and broker-dealers of fraud and collusion in the remarketing of variable rate demand obligations will likely be forced to go public because of a recent ruling by Massachusetts’ highest court.
October 5