Government,
Bankruptcy
Jul. 17, 2018
US judge rules against debt holder in Puerto Rico bankruptcy
A U.S. judge has sided with the government over the selection of an oversight board regarding Puerto Rico’s bankruptcy proceedings.
A federal judge has sided with the government and Munger, Tolles & Olson LLP attorneys over the selection of an oversight board regarding Puerto Rico's bankruptcy proceedings.
Judge Laura Taylor Swain of the Southern District of New York on Friday ruled members of the Financial Oversight and Management Board overseeing the debt proceedings were subject to the territories clause and therefore did not have to go through a presiden...
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