OpEd: Ripples from Puerto Rico’s Debt Crisis Reach the Mainland
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Hedge Fund Challenges $14 Billion in Illinois Debt as Unconstitutional
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First Circuit Nixes Another Attempt at Unraveling Puerto Rico’s Debt Arrangement
The logical court to challenge the constitutionality of PROMESA isn’t the PROMESA court itself.
Court:
A Ponzi Scheme, a Retiree and a Revolt Against OppenheimerFunds
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Bond Titan Spurns Illinois Rally Over ‘Pension Beasts’
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Puerto Rico Bondholders Can’t Compel Payment During Bankruptcy, First Circuit Says
First Circuit interprets chapter 9 and PROMESA to permit but not compel payments to special revenue bondholders during debt arrangement proceedings.
Court:
Circuit Upholds Dismissal of Suits to Restrict Puerto Rico’s Use of Tax Revenue
First Circuit bars use of declaratory judgments restricting Puerto Rico’s use of tax revenues.
Court:
Automatic Stay Applies to ‘Ordinary Course’ Litigation in Puerto Rico, Circuit Holds
First Circuit finds no exceptions to the automatic stay under PROMESA subjecting Puerto Rico to ‘ordinary course’ litigation.
Court:
PA Turnpike Commission ‘on the Path to Bankruptcy,’ Auditor General Says
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