-
U.S. District Judge Laura Taylor Swain suggested the board should include a contingent vehicle instrument in the proposed plan of adjustment.
March 18
-
Without that claim, bondholders are fighting for repayment of about $8.5 billion.
March 17
-
-
MBIA Inc. used National Public Finance Guarantee and MBIA Insurance to "perpetrate a fraud on investors," the COFINA bondholders said.
March 9
-
S&P revised its outlook to negative on San Juan Cruise Port LLC's BBB-minus rated bonds.
February 26
-
A federal judge dismissed a case against Ambac Financial, Ambac Assurance, National Public Finance Guarantee and MBIA Insurance but allowed the case against MBIA Inc. to continue.
February 23
-
The government plans to use surplus funds from fiscal years 2022 to 2024 to fund the payments.
February 3
-
The board wants the court to reject a wide range of bondholder discovery requests related to their administrative expense claim.
January 26
-
The tax reform costs will be offset by reductions in certain government spending, application of excess revenues that are coming in, and elimination of certain tax exemptions.
January 15
-
Bondholders are seeking compensation from the U.S. government for their losses in the restructuring.
January 5
