PROMESA Trims PR's Payouts Under Milk Deal, 1st Circ. Says

By Micah Danney ( August 23, 2023, 9:12 PM EDT) -- A bankruptcy court properly reduced a sum Puerto Rico owed to a dairy producer under a previous settlement, the First Circuit has held, saying the decrease was legal under 2016 federal legislation that allowed the country to restructure its debt....

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