US judge to join two bond insurer lawsuits against Puerto Rico - The Fiscal Times
The Fiscal Times | US judge to join two bond insurer lawsuits against Puerto Rico The Fiscal Times The lawsuits could mark a long, expensive court fight over Puerto Rico's efforts to restructure its debt. The island lacks access to U.S. bankruptcy protections, and creditors have resisted voluntary concessions, making for a messy and unpredictable ... |
Puerto Rico Sued by Third Bond Insurer to Halt Revenue Raid - Bloomberg
Bloomberg | Puerto Rico Sued by Third Bond Insurer to Halt Revenue Raid Bloomberg FGIC asked the U.S. District Court in Puerto Rico to block Governor Alejandro Garcia Padilla's administration from diverting revenue that's pledged to repay debt issued by some agencies, according to a Jan 19 lawsuit. The governor's decision last month ... FGIC Sues Puerto RicoBond Buyer all 4 news articles » |
South County business round up: Computer Guys of Orange County expands, Mazda dealership opens in San Juan Capistrano, more
The Rancho Santa Margarita Chamber of Commerce will celebrate the grand opening of the Cox Solutions Store with a ribbon-cutting ceremony at 4 p.m. on Jan. 29. The store, at 30652 Santa Margarita Parkway, offers bill payment, customer service, product and ...
Silverton drafting Superfund-seeking letter to Colorado's governor
Attorneys for Silverton and San Juan County are in the process of drafting a letter to Colorado's governor in support of Superfund cleanup for its leaching, abandoned mines. While the request still must be approved by the town's elected officials next week ...
U.S. judge to join two bond insurer lawsuits against Puerto Rico
Financial Guaranty Insurance Company, or FGIC, sued Puerto Rico on Tuesday for diverting $164 million in revenue streams meant to pay the island's debt. The lawsuit mirrored one brought earlier this month by two other bond insurers, Assured Guaranty (AGO.N ...
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