The judge hearing all the debt lawsuits in Puerto Rico's federal court ordered continued stays in four more cases.
United States District Court for the District of Puerto Rico Judge Francisco Besosa issued the rulings Tuesday in the Brigade Leveraged Capital Structures Fund Ltd., National Public Finance Guarantee Corp., Dionisio Trigo-Gonzalez, and U.S. Bank Trust National Association cases.
On Nov. 2 the judge had ordered continued stays in the Peaje Investments, Assured Guaranty Corp. and Altair Global Credit Opportunities Fund cases.
Puerto Rico Oversight Management and Economic Stability Act imposed a stay on litigation until March 1 with a possibility of an extension of 60 or 75 days or to the day the Oversight Board files a petition to commence debt-adjustment proceedings following PROMESA. However, it also allowed exceptions to the stay either "for cause shown" or "to prevent irreparable damage to the interest of an entity in property."
