Bonds



Lawsuit Filed Against Turnpike Expansion

A lawsuit was filed Friday with the Oklahoma Supreme Court to stop the expansion of turnpikes. The lawsuit claims the way the Oklahoma Turnpike Authority has been funding road projects is unconstitutional. The statute being questioned states that bonds issued by the authority can be used for multiple turnpikes in the state system.


Puerto Rico Hit With Lawsuit as Key Debt Negotiations Stall

A group of bondholders on Tuesday sued Puerto Rico’s government as debt negotiations fell apart less than two weeks ahead of what would be the largest default in the island’s history. The suit filed in New York by holders of general obligation bonds seeks to invalidate a debt moratorium and fiscal emergency law passed in early April as the island struggles to restructure $70 billion in public …