Judge Ryan ruled that only the county, and not the investment pool, could file for bankruptcy.
The next day, the county filed a follow-up petition with the court, maintaining that the fetus was a child in need of protection.
In addition, the county has filed a civil lawsuit to recover $8 million from the main defendants.
On November 9, 2011, the county gave up and filed for bankruptcy.
The county had filed its own suit with the court seeking guidance.
The county was filing a suit for the back taxes.
Nine cities and one county have filed suits, and more are expected to follow.
Some two dozen American cities and counties have filed similar lawsuits.
Two days later, the county filed suit against Merrill, seeking $3 billion in compensation.
Merrill had $2.4 billion in securities when the county filed for bankruptcy, he said.