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PREPA judge say bond claim is 28% of par plus interest

PREPA judge say bond claim is 28% of par plus interest
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Jefferson countyUnited statesPuerto ricoDavid plastinoLaura taylor swainJohn youngMaureen chakrabortyJohn muddUs courtAd hoc groupNational public financeUs bankPuerto rico electric power authorityPuerto rico energy bureauUs district courtOversight board

Creditors say the PREPA plan of adjustment is not confirmable

The bondholders charge bad faith in negotiations and want no plan employed until all appeals are exhausted.

Puerto ricoPedro pierluisiOmar marreroJohn muddLaura taylor swainPuerto rico energy bureauFinancial advisory authorityAd hoc group of bondholdersFirst circuit courtPuerto rico fiscal agencySupreme courtPuerto rico electric power authorityAd hoc groupJudge laura taylor swainOversight boardAssured guaranty

Parties still far apart on how much bondholders should get

A consensual plan of adjustment is unlikely to be reached, according to one observer.

Puerto ricoNew yorkUnited statesLaura taylor swainMaureen chakrabortyPuerto rico energy bureauAd hoc groupPuerto rico electric power authorityUs district courtUs bankPuerto rico oversight boardCourt judge laura taylor swainAssured guarantySyncora guaranteeJudge laura taylor swainRico clearinghouse principal cate long

Supreme Court says Oversight Board doesn t need to release information

The U.S. Supreme Court ruled against a journalist group seeking the release of a wide range of Puerto Rico Oversight Board information, which may have had an impact on the PREPA bankruptcy proceedings.

Puerto ricoUnited statesPuerto ricanO rogeriee thompsonPeriodismo investigativoJustice clarence thomasJustice elena kaganDamaris suarezLourdes rosadoPuerto rico electric power authorityUs supreme courtAppeals courtSupreme courtFirst circuit courtFinancial advisory authorityAssociation of puerto rico journalists

PREPA judge sets claim estimation procedures

Swain set a deadline ahead of what was requested by the Oversight Board.

Puerto ricoFeldesman tucker leifer fidellPhillip escoriazaLaura taylor swainPuerto rico electric power authorityDistrict courtDistrict court judge laura taylor swainTaylor swainPuerto rico oversight boardRico clearinghouse principal cate longFeldesman tucker leiferPublic finance

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