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1st Circ. Hands Win To Puerto Rico In Bond Lien Dispute

By Ryan Boysen ( August 9, 2018, 4:54 PM EDT) -- Hedge fund Peaje Investments' $65 million in bonds issued by Puerto Rico's Highways and Transportation Authority are not secured by a lien on toll revenues, the First Circuit has affirmed in a decision that amounts to a victory for the commonwealth and yet another setback for creditors of its various government agencies. . . .

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