Puerto Rico Deal Should Nix Pension Suits, 1st Circ. Told

By Brian Dowling · November 20, 2023, 8:40 PM EST

UBS Financial Services told the First Circuit on Monday that public pensioners in Puerto Rico can't press derivative claims that the bank illegally underwrote $3 billion in bonds because the island's restructuring deal...

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Case Information

Case Title

UBS Financial Services Inc. v. Estate of Pedro Jose Nazario Serrano, et al

Case Number

23-1216

Court

Appellate - 1st Circuit

Nature of Suit

3422 Appeal 28 USC 158

Date Filed

March 14, 2023