Two important and very different decisions regarding public pensions were recently issued by the Supreme Court of Illinois and the Supreme Court of New Jersey. These decisions are significant not only for the workers and taxpayers in these States, but also for the owners and insurers of municipal bonds issued in these States.
ILLINOIS
USA, Illinois, New Jersey, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, ArentFox Schiff, Bond (finance), US Constitution, Supreme Court of the United States, Illinois Supreme Court
While uncertainties loom around the auto industry, suppliers and OEMs can try to prepare for the road the lies ahead.
USA, Insolvency & Restructuring, Bricker & Eckler LLP, Bond (finance), Bankruptcy, Letter of credit, Credit (finance), Dividends, Accounts receivable, Supply chain, Bailout, Troubled Asset Relief Program, US Federal Government, General Motors, Chrysler, Title 11 of the US Code, Uniform Commercial Code (USA)