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COMMONWEALTH OF PUERTO RICO

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Case overview

Case Number:

3:17-bk-03283

Court:

Puerto Rico

Nature of Suit:

Firms

Companies

Sectors & Industries:

  1. October 30, 2019

    Deal With Puerto Rico Pension, Tax Claims Locally, Court Says

    The judge overseeing Puerto Rico's bankruptcy moved thousands of claims against the insolvent commonwealth off her docket Wednesday, saying those seeking pensions and tax refunds should take their cases to local government agencies.

  2. October 17, 2019

    $216M For Hurricane Work Due Despite Indictment, Co. Says

    A Mammoth Energy Services Inc. unit has told a Puerto Rico bankruptcy court that an indictment against its former president and a government inspection report shouldn't delay a $216 million payment for restoring electricity in the territory after Hurricane Maria.

  3. September 20, 2019

    Whitefish Power Co. Objects To PR Utility Restructuring Deal

    A power company whose contract to restore hurricane-damaged electric lines in Puerto Rico was canceled amid controversy in 2017 said Friday the island's utility can't restructure until it explains how it's going to pay the $126 million the company says it's owed.

  4. July 25, 2019

    Judge Orders Mediation For $25B Puerto Rico Bond Disputes

    The federal judge overseeing Puerto Rico's massive restructuring has ordered all the parties involved in dozens of legal battles over nearly $25 billion in bond debt into mediation for the next four months, in the hope of resolving or at least streamlining the complicated issues at play.

  5. July 12, 2019

    PR Bondholders Say Debt Dispute Should Go Forward

    Two groups of Puerto Rican bondholders are asking a federal court to reject the island's financial oversight board's request to halt action on its attempt to end $6 billion in bond debt because of a pending settlement, saying only a fraction of bondholders have approved the deal.

  6. July 08, 2019

    Puerto Rico Oversight Board Sues To Stop Benefits Law

    Puerto Rico's financial oversight board has asked a federal judge to overrule a recently enacted law it said will undermine the board's fiscal plans by transferring $1.7 billion in employee benefit costs from local municipalities to the commonwealth.

  7. July 03, 2019

    Court Denies PR Judges' Go-Ahead For Pension Suit

    The judge overseeing Puerto Rico's restructuring has denied an association of the island's judges permission to file a suit contesting possible pension cuts, saying it would be best for them to hold their objections until the restructuring plan is presented for approval.

  8. June 17, 2019

    PR's Management Board Announces Deal To Trim $35B Debt

    Puerto Rico's financial advisory board has announced a deal with bondholders to cut $23 billion of the island's debt, but is facing opposition from the island's government over the recently revealed pension cuts that would come with the package.

  9. June 13, 2019

    Willkie Asks For $15M For Puerto Rico Bankruptcy Work

    Willkie Farr & Gallagher LLP has asked the Puerto Rican bankruptcy court to approve just under $15.6 million in compensation for its work on the territory's restructuring proceedings, saying it was able to conclude a settlement and wrap up close to $6 million under budget.

  10. May 02, 2019

    Puerto Rico Investors Sue To Claw Back More Than $1B

    The federally appointed board overseeing Puerto Rico's restructuring sued a group of banks and bondholders for $1 billion on Thursday, capping off a flurry of lawsuits this week that seeks to claw back more than $5 billion in payments the board says were made while the island was functionally insolvent.