Mark Ellenberg News Today

Assured Guaranty's attorney argued the judge's procedure to estimate the bondholders' claim should assume the Oversight Board would not exist.

"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.

Mark Ellenberg advises debtors and creditors in complex financial restructuring, workout, and bankruptcy matters

Several recent challenges to the Plan of Adjustment that could threaten its approval.