- In re Allstate Life Ins. Co. Litigation, in which the district court found that underwriters’ counsel spent enough time reviewing and editing the POS in a bond sale that a trier of fact could find that it had actual knowledge of the misstatements contained in the POS, thus giving rise to a duty to disclose, given their substantial role in the transaction.
- GFOA: Building a Better Budget Document, Second Edition.
- MSRB Files with the SEC Amendments to MSRB Rules on Retail Order Periods.
- MSRB Reminds Investors, Market Professionals to Assess Terms of Build America Bonds and other Direct-Pay Bonds in Light of Federal Sequester.
- Study Claims Billions of Dollars of Excessive Muni Markups.
- A series of interesting articles concerning the situation in Detroit, including: In Embattled Detroit, No Talk of Sharing Pain; Detroit Restructuring Plan Includes Bond Default; and Detroit Default Shines A Light on Bond Insurers.
- A Wall Street Journal piece, Intelligent Investor: What’s Eating Munis? and the follow-up, How to Buy Muni Bonds.
