WASHINGTON -- A new controversy has erupted over an issuer's attempt to call bonds that were escrowed to maturity, only this time the dispute is headed for court.

The dispute centers around the Jefferson Memorial Hospital Association in Crystal City, Mo., which wants to call $9.75 million of bonds that it issued in 1975 and 1982 and defeased to maturity with its own cash in 1988 and 1989.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.