Syncora Guarantee News Today

In the aftermath of Detroit's bankruptcy, two bond insurers became owners of some high-profile city real estate. Here's what happened next.

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

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

One analyst says the final figure will be closer to the Puerto Rico Oversight Board's estimate than the bondholders'.

The bondholders and bond insurers submitted four expert reports to support their belief they deserve more money than what's being offered in the PREPA bankruptcy.

They say there are at least six different novel or unsettled questions of law that would be clarified by an appeals court ruling.

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

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

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