When Herman Lewis McMillan sued New Jersey for $18 trillion in 1975, officials preparing the state's $50 million bond issue did their duty.

"A suit...has been filed by a state prisoner seeking damages of $17,958,968,735,470," they soberly warned investors in the litigation section of the official statement.

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.