Illinois Prepares to Borrow After Moving Off Precipice of Junk
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SEC Forces Cities to Reveal Wall Street Loans With Holdings Surging
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Eleventh Circuit Endorses the Applicability of ‘Equitable Mootness’ in Chapter 9
Two circuits and a BAP now invoke ‘equitable mootness’ to dismiss appeals from orders confirming chapter 9 municipal debt adjustment plans.
Court:
First Circuit Gives Puerto Rico Bondholders a Second Bite at the Apple
Puerto Rico’s toll road bonds don’t have statutory liens, circuit court rules.
Court:
Analysis: The Pension Hole for U.S. Cities and States Is the Size of Japan’s Economy
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Puerto Rico Governor Threatens to Withhold Testimony After Twitter Jab
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Two Courts Seemingly Differ on the Nature of Puerto Rico’s PROMESA Proceedings
Bondholders won a skirmish but may still lose the war with Puerto Rico.
Constitutionality of the Puerto Rico Oversight Board Upheld in District Court
PROMESA’s authority is in the Territories Clause of the Constitution, District Judge Swain says.
Court:
California Treasurer Candidate Proposes to Change to Hands-Off Approach in Muni Bankruptcies
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Analysis: Many States Are Likely Unprepared For Next Downturn
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