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Texas' first stranded-cost securitization bond issues are being held up by two lawsuits challenging the structure of the deals, and a third questioning the constitutionality of the state's plan to [...]

DALLAS - The U.S. Supreme Court Monday refused to consider a legal challenge to Oklahoma's use of $320 million of revenue bonds, which are subject to annual appropriation and would [...]

Oklahoma taxpayers have asked the U.S. Supreme Court to declare illegal a $163 million revenue bond issue sold in August by the Oklahoma Capital Improvement Authority. Jerry and Margaret Fent, [...]

In Oklahoma court rooms, lawyer Terry Shipley is trying to take over where the government apparently has left off. Through lawsuits brought in the name of taxpayers, Shipley is pursuing [...]

Critics of the Illinois State Toll Highway Authority have expanded an existing lawsuit to include allegations that every past and present director of the authority illegally spent toll revenues. Accusing [...]

The Oklahoma Turnpike Authority will file suit by the end of May against Stifel, Nicolaus & Co. over a $6.5 million commission the firm received in 1992 on a forward [...]

ATLANTA - Carrying on a fight to force Mississippi to honor general obligation bonds that defaulted 153 years ago, a Canadian bondholder has filed suit in a state court to [...]

ATLANTA -- The Kentucky Turnpike Authority plans to sell $150 million of tax-exempt lease bonds early next year following a recent ruling by the state Supreme Court that squelched a [...]

The New York State Court of Appeals yesterday underscored the constitutionality of the state's borrowing practices, ruling against a taxpayer activist who charged that the governor's multibillion dollar transportation bonding [...]

ATLANTA -- Mississippi Gov. Kirk Fordice overstepped the state constitution in using a line-item veto to reject $60.4 million of general obligation debt, a state judge has ruled. In response [...]

ATLANTA -- The West Virginia School Building Authority last week filed a lawsuit before the state Supreme Court seeking to clear the way for an upcoming new-money bond issue made [...]

ATLANTA -- Federal prosecutors in Kentucky Tuesday began outlining their extortion case against the husband of former Gov. Martha Layne Collins, presenting previously undisclosed details about his alleged scheme to [...]

ATLANTA -- The West Virginia Supreme Court late Thursday ruled that the state's School Building Authority cannot issue annual appropriation-backed bonds without voter approval. However, the ruling does not apply [...]

ATLANTA -- A West Virginia circuit court judge last Friday ruled in favor of a lawsuit that challenged the state School Building Authority's issuance of bonds without voter approval. Unless [...]

A New York State Supreme Court judge yesterday temporarily blocked the state's multibillion-dollar, plans to finance its transportation needs in a case that could settle the legality of New York's [...]

ATLANTA -- Despite a recent setback in federal court, a group of European investors is continuing its fight to force Mississippi to honor bonds that defaulted 152 years ago. David [...]

CHICAGO - The Minnesota Supreme Court late Monday agreed to review a state appeals court ruling on a lawsuit that challenges the state's ability to issue bonds to assist Northwest [...]

ATLANTA - Continuing his two-year-old battle against the Kentucky Turnpike Authority, a retired taxpayer has asked for a court order barring sale of the $200 million refunding bond issue the [...]

The Appellate Division of the New York State Supreme Court yesterday reversed a lower court's ruling that the state's March sale of $531 million of deficit notes was unconstitutional. In [...]

CHICAGO - An Iowa taxpayers watchdog group yesterday filed a lawsuit against state Treasurer Michael Fitzgerald in an attempt to stop a $375 million tax and revenue anticipation note issue [...]

The Appellate Division of the New York State Supreme Court announced Friday that it will expedite the appeals of two cases that challenge the constitutionality of the state's latest deficit [...]

Robert L. Schulz doesn't fit most people's concept of an 'activist.' He's not interested in ideology. His background is primarily business, not politics, including a master's of business administration and [...]

WASHINGTON -- The U.S. Supreme Court yesterday declined to review a landmark decision by the Virginia Supreme Court last November that vindicated the issuance of lease and appropriation-backed bonds in [...]

Officials from three major credit-rating agencies said yesterday they are closely monitoring the legal developments following a ruling by a New York State Supreme Court judge that declares the state's [...]

CHICAGO -- Opponents of a planned bond issue to benefit Northwest Airlines all but conceded defeat after a Minnesota judge said Friday he would dismiss their lawsuit unless the plaintiffs [...]

A New York State Supreme Court judge yesterday rejected a lawsuit challenging the 1990 legislation that created the Local Government Assistance Corp. Joseph Cannizaro, a law clerk for Judge Joseph [...]

Robert Schulz, a self-styled crusader against indefficiencies in New York state and local governments, has taken aim at the New York State Local Government Assistance Corp., in a move that [...]

WASHINGTON -- The timing for the payout of about $900 million in settlement proceeds from the Washington Public Power Supply System bond fraud trial remains difficult to predict, lawyers for [...]

WASHINGTON - The Supreme Court yesterday refused to consider a challenge to New York State's issuance of appropriated debt without voter approval. Robert L. Schulz, a former candidate for governor [...]

A bondholder lawsuit charges that the Battery Park City Authority violated securities laws last year when it called more than $95 million of housing revenue bonds to refinance a mortgage [...]

The New York State Court of Appeals on Tuesday rejected a taxpayer's attempt to temporarily block a state Thruway Authority bond issue, but said the state must come back to [...]

The New York State Court of Appeals yesterday said it will hear a case from a taxpayer activist who is challenging the constitutionality of the state's multibillion-dollar transportation financing plan. [...]

The New York State Supreme Court's appellate division yesterday rejected an attempt by taxpayer activist Robert L. Schulz to block the use of appropriated debt to finance a multibillion-dollar transportation [...]

ATLANTA -- The state bond attorney of Mississippi said yesterday that he cannot recommend validating a portion of the general obligation bonds vetoed by Gov. Kirk Fordice until a lawsuit [...]

ATLANTA - A 152-year-old default has generated two more lawsuits against Mississippi, this time with about $15 million at stake. Both suits - one filed by a group of 15 [...]

New York State has won round one in its fight with a taxpayer activist over the legality of its borrowing practices. State Supreme Court Judge Edward O. Spain yesterday dismissed [...]

CHICAGO -- The Indiana General Assembly late Wednesday overrode Gov. Evan Bayh's veto of the primary bill for the state's fiscal 1994-95 budget hours before the start of the new [...]

ATLANTA - A sate circuit court judge Friday prohibited the state's School Building Authority of West Virginia from issuing about $3340 million of revenue bonds until a lawsuit challenging the [...]

TROY, N.Y. - A New York State Supreme Court judge on Friday extended a restraining order placed on the state's multibillion transportation bonding program and said he will soon decide [...]

DALLAS - The Texas State University System plans to refund a trio of issues for strong present-value savings, but the $36.8 million in revenue bonds cannot be sold until the [...]

New York State's highest court yesterday ruled for the first time that citizens now have 'standing' to sue the state over it borrowing practice. In yesterday's case, the Court of [...]

The Minnesota Supreme Court last week heard oral arguments on a lawsuit that challenges the state's ability to issue bonds to assist Northwest Airlines. Mary Kay Milla, spokeswoman for the [...]