COMMONWEALTH OF PUERTO RICO

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Case overview

Case Number:

3:17-bk-03283

Court:

Puerto Rico

Nature of Suit:

Firms

Companies

Sectors & Industries:

  1. July 16, 2018

    Puerto Rico Pension Investors Can Sue US Gov't, Judge Rules

    A federal judge on Friday rebuffed the U.S. government by forcing it to face a lawsuit brought by a group of investors with billions at stake in diverted Puerto Rico public pension contributions, saying the bondholders have a valid constitutional claim against a federal entity.

  2. April 26, 2018

    Puerto Rican Unions Sue To Void Restructuring Proceedings

    A handful of nonprofits and labor unions have hit Puerto Rico's embattled federal oversight board with a lawsuit that seeks to disband it, calling the board a "reckless, dictatorial and racist" entity that's unconstitutional and riddled with conflicts of interest.

  3. April 20, 2018

    Puerto Rico Sales Tax Bond Fight Sparks Muni Market Anxiety

    Municipal bond investors are paying close attention to what happens in a pending court fight over the validity of bondholder liens on Puerto Rican sales tax, experts say, warning of widespread consequences should investments thought to be bankruptcy-proof turn out otherwise.

  4. March 07, 2018

    Puerto Rico Atty Fees Of $50M OK'd Amid Billing Concerns

    The attorneys and other professionals working on the Puerto Rican public's dime in landmark court proceedings to restructure the territory's crippling debt had their first applications for fees authorized Wednesday, totaling near $50 million, after being warned about billing practices and the close scrutiny they are under.

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