Rail

Las Vegas Monorail insurer appealing decision

Posted on May 12, 2010

LAS VEGAS — The Las Vegas Monorail's bond insurer is appealing an April 26 bankruptcy court ruling that found the monorail is not a government agency, according to the Las Vegas Sun. Ambac Assurance Corp. of Wisconsin and Wells Fargo Bank had argued that the monorail should not be allowed to proceed under Chapter 11, arguing that a filing under Chapter 9 reserved for government agencies was more appropriate. For the full story, click here.

 

 

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