Brightline Lands $350 Million Assured Loan in Case of Bankruptcy August 31, 2026 By Eliza Ronalds-Hannon, Martin Z. Braun and Reshmi Basu Brightline has reached a deal with municipal-bond insurer Assured Guaranty Ltd. that would provide the debt-laden Florida railroad with at...
Aon Agrees to $15 Million Settlement With Pennsylvania Teachers February 6, 2026 By Martin Z. Braun A unit of Aon Plc agreed to settle a class-action lawsuit alleging that calculation errors and faulty investment advice caused...
Insurers Balk at Study Questioning Value of Municipal Bond Insurance September 27, 2019 By Martin Z. Braun Around noon one Wednesday in July, two school districts from California’s Central Valley auctioned off their bonds to Wall Street...
Opioid Lawsuits Unlikely to Top Tobacco Settlements June 25, 2019 By Martin Z. Braun An Oklahoma case, the first of more than 1,600 lawsuits filed by U.S. state and local governments against opioid makers...
Billions at Stake from Opioid Suits but Damages Unlikely to Top $200B Tobacco Windfall June 21, 2019 By Martin Z. Braun An Oklahoma case, the first of more than 1,600 lawsuits filed by U.S. state and local governments against opioid makers...
Specter of Corporate Exodus Leaves Connecticut Budget in Crisis October 17, 2017 By Martin Z. Braun Thirty years ago, so many companies flocked to Connecticut that Stamford, a waterfront enclave of about 100,000 residents, became the...
In America’s Richest State, the Capital Flirts with Bankruptcy July 10, 2017 By Martin Z. Braun The hedge-fund enclave of Greenwich, on the Connecticut Gold Coast, is about 100 miles and a world away from the...
Port Authority Wrestles with World Trade Center Financing April 24, 2014 By David M. Levitt and Martin Z. Braun The Port Authority of New York and New Jersey’s failure to agree to a loan guarantee for World Trade Center...
Aon Accused by N.Y.-N.J. Port Authority of Unauthorized Commissions April 10, 2014 By Chris Dolmetsch and Martin Z. Braun Aon Plc was sued by the Port Authority of New York and New Jersey which claims the insurance broker kept...