-
December 20, 2012
An Alabama federal judge on Wednesday blocked the city of Birmingham from suing the state's bankrupt Jefferson County over a partial hospital closure while the county is mired in a Chapter 9 proceeding, finding such a suit is unlikely to succeed.
-
December 12, 2012
A bond insurer owed $95 million by Jefferson County, Ala., asked a bankruptcy judge Tuesday to let it examine the county's books, arguing it hasn't been forthcoming about plans to exit Chapter 9 after failing to repay billions raised for a sewer system project.
-
September 13, 2012
An Alabama bankruptcy judge declined to set a deadline at a Thursday hearing for debt-ridden Jefferson County's Chapter 9 bankruptcy plan, postponing a request from the county's creditors.
-
September 07, 2012
A proposed class of Jefferson County, Ala., ratepayers asked a bankruptcy judge Thursday to reduce $3 billion in debt refinancing on county sewer renovations, saying a slew of banks and a law firm are liable for allegedly illegal interest rate swaps that cost the county $372 million.
-
August 16, 2012
An Alabama bankruptcy judge sent a group of 13 Jefferson County elected officials and residents back to the drawing board Wednesday, ordering them to rework the various pleadings seeking class standing for a $1.6 billion claim based on the hikes to the local sewer rates.
-
August 14, 2012
The Eleventh Circuit on Tuesday permitted Bank of America NA to back out of an appeal stemming from the Jefferson County, Ala., bankruptcy after the bank dumped most of the $225.7 million of county sewer bonds it held.
-
July 27, 2012
Bank of New York Mellon on Thursday asked a federal judge to order Jefferson County, Ala., to open its books, as it fights with the bankrupt county over the repayment of $3 billion in sewer-related debt.
-
June 05, 2012
Elected officials and residents from bankrupt Jefferson County, Ala., on Monday filed a $1.6 billion claim in the county's bankruptcy, alleging county employees and financial institutions conspired to profit from debt refinancing involving complex securities, but lost money and stuck ratepayers with the tab.
-
April 11, 2012
An Alabama federal judge on Monday gave Bank of New York Mellon, JPMorgan Chase Bank NA, Societe Generale SA and other creditors the go-ahead to challenge Jefferson County, Ala.'s eligibility to file for Chapter 9 bankruptcy because of a legal question that has not yet been settled.
-
April 09, 2012
Bankrupt Jefferson County, Ala., on Monday accused The Bank of New York Mellon Corp. of improperly transferring more than $584,000 from a construction equity account to itself, asking for a declaration that the funds belong to the county, free of any creditors' interests.