Puerto Rico Electric Power Authority

Judge Swain's action removes the last major hurdle for her to approve the PREPA plan of adjustment before the confirmation hearing, although appeals are expected.

Assured Guaranty and GoldenTree offer a alternative to the deal the Oversight Board reached with BlackRock and four other investment firms.

Observers say Puerto Rico's 2024 elections may not change government policy much.

The board askeds the judge to dismiss objections that claim its plan of adjustment is unconfirmable.

They say the plan is unconfirmable in its current form and must be changed before any disclosure statement is approved.

The board says the First Circuit should stop GoldenTree and Syncora's efforts to appoint a receiver.

Puerto Rico's Treasury secretary says first quarter results are a good sign for fiscal stability.

The question is raised whether "invitations" to support the plan were the same as "solicitations."

Group's attorney is said to have experience arguing before the U.S. Supreme Court.

The group asked the First Circuit Court of Appeals to lift a stay that prevents appointment of a receiver.

Judge is considering hearings in March, as requested by the bondholders.

Syncora Guarantee and GoldenTree Asset Management filed notice of appeal again seeking a receiver in the bankruptcy.

The investment firms that did not agree to the Oversight Board-led settlement would see only 3.5% of original par under the plan.

The Puerto Rico General Fund has paid out $1.5 billion on the bankruptcies after initial expectations were $370 million over nearly a decade.

José Pérez Riera will fill the post that has been vacant for over three years.

Peterson objected to the board's treatment of PREPA bondholders.

GoldenTree Asset Management noted the judge in Sept. 29, 2022, had demanded "meaningful deadlines" in the bankruptcy.

Bondholders retain the right to argue on appeal that they perfected their liens on revenues and funds.

Following another court ruling on a 2022 labor law the Oversight Board rejected, Puerto Rico professors doubt the local government will operate more responsibly any time soon.

Plan of adjustment deadline schedule gets extended to Aug. 18.