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Puerto Rico Oversight Board gets support in PREPA case

While the FAFAA backed the board's discovery timeline, bondholders argue the board is trying to "run out the clock."

Puerto ricoPalo secoLaura taylor swainAd hoc groupFinancial advisory authorityPuerto rico fiscal agencyUs district courtPuerto rico electric power authorityPuerto rico oversight boardFiscal agencyOversight boardAssured guarantySyncora guaranteeCourt judge laura taylor swainCommonwealth of puerto ricoPublic finance

Bondholders launch new attacks on PREPA plan and disclosure

The proposed plan's superior treatment of National Public Finance Guarantee-insured bonds is discriminatory and thus illegal, they allege.

Puerto ricoJohn muddLaura taylor swainTransportation authorityNational public financeAd hoc groupUs bank national associationUs district courtPuerto rico electric power authorityUs bankSyncora guaranteeNational associationPuerto rico oversight boardNational public finance guarantee insuredOversight boardNational public finance guarantee

Puerto Rico Oversight Board defends PREPA disclosure statement

The board says the Ad Hoc Group of PREPA bondholders wrongly focused on "confirmation" issues in their attack on the board's proposed disclosure.

Puerto ricoPalo secoLaura taylor swainNational public financeAd hoc groupUs district courtPuerto rico electric power authorityPuerto rico oversight boardSyncora guaranteeJudge laura taylor swainNational public finance guaranteePublic finance

PREPA mediation extended to April 28

Mediation sessions are expected to resume in the coming weeks.

New yorkUnited statesPuerto ricoLaura swainLaura taylor swainAd hoc groupGuaranty corpUs district courtPuerto rico electric power authoritySyncora guarantee incGuaranty municipal corpSouthern districtJudge laura swainPuerto rico oversight boardAssured guaranty corpAssured guaranty municipal corp

Puerto Rico board defends its motions in PREPA case

It says its urgent motion was administrative and the objections shouldn't be accommodated.

Puerto ricoSusheel kirpalaniPalo secoUnsecured creditors committeeNational public financeAd hoc groupUs district courtPuerto rico electric power authorityPuerto rico oversight boardConfirmation discovery procedures motionSyncora guaranteePuerto rico oversightEconomic stabilityOversight boardNational public finance guaranteePublic finance

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