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Small holders are disproportionately impacted by the way the restructuring was conducted, said Glenn Ryhanych of BlueList Partners.
March 1
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The electrical workers union wants the court to undo the board's actions since Aug. 7, 2017, in addition to declaring the board's appointments unconstitutional.
March 1
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The federal tax issue that is at stake in both audits involve the federal payments for the direct-pay subsidy.
March 1
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Oversight Board members are also asking for a stay on an appeal's court mid-May cutoff for their powers.
February 28
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Governor's representative complains that the expenditures were legally adopted.
February 27
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The ruling affirmed a lower court ruling that dismissed a claim by the commonwealth’s Legislative Assembly that the board exceeded its power.
February 26
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The audit includes $121.5 million in Series 2011 T direct-pay qualified zone academy bonds and four Series 2011 R taxable of school construction bonds that totaled $ 756.4 million.
February 25 -
The latest reversal of Puerto Rico's Title III bankruptcy court again draws attention to PROMESA's failure to meet its goals of restoring fiscal responsibility and capital market access for Puerto Rico.
February 22
Assured Guaranty Ltd. -
The December index value was down 0.7% from November.
February 22
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About 30 investment funds filed a motion in the Employees Retirement System's bankruptcy to be named as its trustee.
February 21
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The bigger risk is that the President and U.S. Senate won’t be able to install new (or existing) members within 90 days.
February 21
New York University Marron Institute of Urban Government -
Puerto Rico Sales Tax Financing Corp.’s COFINA deal faced new challenges, while the Supreme Court declined to hear an appeal on HTA.
February 20
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The ruling may benefit bondholders, though an appeal and political wrangling over Oversight Board appointments threaten to prolong the uncertainty.
February 19
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The appeals court ruled the appointments were unconstitutional, but didn’t invalidate either the existing board's actions or the parts of the Puerto Rico Oversight, Management, and Economic Stability Act that didn't address the board appointment process.
February 15
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The board said that the Senate is withholding bank account information.
February 14
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What had been about $17.6 billion in COFINA bond par value became about $12 billion in new COFINA bond value.
February 12
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Angelica Valencia is considered integral to the firm's California and Puerto Rico practices.
February 12
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Attorneys say the Oversight Board's move to nullify $6 billion of bonds would violate both federal Supreme Court rulings and local law.
February 11
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The State of the Union speech fell short on infrastructure while the COFINA settlement in Puerto Rico shed a harsh light on revenue bonds.
February 8
John Hallacy Consulting LLC -
An estimated $1.6 billion may flow to COFINA bond holders within weeks following Monday's approval of the muni market's biggest-ever plan of adjustment.
February 5
