Casey Servais is an attorney in the Financial Restructuring Group of Cadwalader NY. His practice is concentrated in the areas of bankruptcy litigation, distressed municipal finance, and financial restructuring.
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"This settlement offer allows you to settle for payment in the form of new bonds of approximately half your claims," the Puerto Rico Oversight Board said.
Two bond insurance subsidiaries of Assured Guaranty Ltd have resolved their exposure to bonds, as the Puerto Rico Highways and Transportation Authority exited from bankruptcy last week.
On December 6,.