Swaps entering Edelweiss VRDO lawsuit
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.
Source: bondbuyer.com
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Judge trims federal lawsuit alleging VRDO conspiracy
The federal lawsuit brought by Philadelphia, San Diego and Baltimore on behalf of thousands of issuers is similar to a series of closely watched state whistleblower cases that claim banks manipulated interest rates on variable-rate bonds.
Source: bondbuyer.com
California AG blocks dismissal of VRDO suit
The office of Rob Bonta filed its objection to the dismissal with a California appellate court in San Francisco May 19.
Source: bondbuyer.com
New York claims conflict in request to disqualify Sidley
Avoiding even the appearance of representing conflicting interests is important for attorneys and municipal advisors alike.
Source: bondbuyer.com
Ohio treasury may boost debt support to public universities, hospitals
A proposal from the Ohio Treasury would provide a new enhancement for state-purchased public university debt and offer a backstop for hospitals' VRDOs.
Source: bondbuyer.com