WASHINGTON -- A lawsuit filed over the Heather Estates black box bond deal by an issuer in Utah will not be transferred to a U.S. district court in Pennsylvania and consolidated with other litigation pending against Matthews & Wright, a panel of federal judges ruled last week.

The ruling clears the way for the Clearfield, Utah, housing authority, other parties to the Heather Estates deal, and the Internal Revenue Service to keep trying to reach a settlement of charges made by the IRS earlier this year.

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