FOMB, et al v. U.S. Bank Nat'l Ass'n, et al
Case Number:
23-2036
Court:
Nature of Suit:
Companies
- Aristeia Capital LLC
- Assured Guaranty Ltd.
- Columbia Threadneedle Investments
- Cortland Capital Market Services LLC
- Invesco Ltd.
- MacKay Shields LLC
- MFS Investment Management
- Nuveen LLC
- Russell Investments Group LLC
- Taconic Capital Advisors LP
- The Goldman Sachs Group Inc.
- T. Rowe Price Group Inc.
- U.S. Bancorp
- Whitebox Advisors LLC
Sectors & Industries:
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June 12, 2024
1st Circ. Finds PREPA Bondholders Have $8.5B In Valid Liens
The First Circuit said Wednesday that bondholders of the Puerto Rico Electric Power Authority have valid liens worth $8.5 billion on the revenue of the utility, reversing a lower court's ruling but leaving it up to the bankruptcy court to determine what effect that has on the restructuring plan.
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December 19, 2023
14 States File Amicus In Puerto Rico Utility's Bond Fight
Attorneys general from 14 states have filed an amicus brief in an appeal of the Puerto Rico Electric Power Authority's bankruptcy plan in the First Circuit, arguing eliminating bondholders' security interest in future revenues would undermine municipal bond markets nationwide.