Silver Point Capital plans to fight a U.S. Securities and Exchange Commission lawsuit claiming the hedge fund firm failed to enact policies to bar a consultant from sharing confidential information about bonds issued by Puerto Rico, Bloomberg News reported.
Puerto Rico in Distress
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There remains no clear path on how to best reduce the debt of Puerto Rico’s power utility, a mediation team warned U.S. District Judge Laura Taylor Swain, who is overseeing the seven-year bankruptcy, Bloomberg News reported.
The judge overseeing the bankruptcy of Puerto Rico’s electric utility extended a halt on litigation related to the case as the power provider negotiates with bondholders on how to reduce its debts, Bloomberg News reported. U.S. District Court Judge Laura Taylor Swain continued the stay through Jan.
The U.S. Energy Department said on Tuesday that it closed an $861 million loan guarantee to finance the construction of two solar photovoltaic farms and two battery storage systems in Puerto Rico, Reuters reported. The power grid of Puerto Rico, a U.S.
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This wiki is a repository for members of the U.S. Congress, other policy makers, academics, investors, the media and the general public to understand the challenges facing Puerto Rico in 2016 and to provide data and information to begin crafting long term sustainable solutions. Click here to view.