Puerto Rico HTA bankruptcy judge rejects stay on plan of adjustment
HTA employees say they will appeal the stay rejection.
Source: bondbuyer.com
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HTA employees say they will appeal the stay rejection.
The bondholders say they are owed $8.3 billion of principal and billions more of unpaid interest.
The workers say federal law bars the impairment of their wages.
They say the Oversight Board's argument restricting their claims just to money in the sinking fund is wrong.
FAFAA and Gov. Pedro Pierluisi retain some influence over the direction of an adversary proceeding in the PREPA bankruptcy and on the ultimate PREPA bond deal.