Bond Titan Spurns Illinois Rally Over ‘Pension Beasts’
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Puerto Rico Bondholders Can’t Compel Payment During Bankruptcy, First Circuit Says
First Circuit interprets chapter 9 and PROMESA to permit but not compel payments to special revenue bondholders during debt arrangement proceedings.
Court:
Circuit Upholds Dismissal of Suits to Restrict Puerto Rico’s Use of Tax Revenue
First Circuit bars use of declaratory judgments restricting Puerto Rico’s use of tax revenues.
Court:
Automatic Stay Applies to ‘Ordinary Course’ Litigation in Puerto Rico, Circuit Holds
First Circuit finds no exceptions to the automatic stay under PROMESA subjecting Puerto Rico to ‘ordinary course’ litigation.
Court:
PA Turnpike Commission ‘on the Path to Bankruptcy,’ Auditor General Says
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High-Yield Muni Market Passes a Key Test from Puerto Rico’s Sell-Off
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Official: Puerto Rico Debt-Adjustment Plan Not ‘Realistic’ in April
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Experts Warn New York City Edging Toward Financial Disaster
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