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Judge Laura Taylor Swain sided with the retired employees, saying the bondholders' security interest was not properly perfected.
August 20 -
A judge's ruling on whether the U.S. government is responsible for covering Oversight Board-imposed bond losses may come in the winter.
August 17 -
A hurdle has been passed for a judge to issue a ruling on the federal government's responsibility for making investors whole on impaired Puerto Rico bonds.
August 16 -
Key parties say the Oversight Board must certify a fiscal plan with more revenue before they will approve the agreement.
August 15 -
For one thing, analysts say general obligation bondholders may attempt to derail the plan in Title III bankruptcy court.
August 9 -
Puerto Rico issues rallied after the main parties reached a deal on the restructuring of Puerto Rico Sales Tax Financing Corp. bonds.
August 9 -
The Puerto Rico Oversight Board, the government of Gov. Ricardo Rosselló, COFINA senior bondholders’ representatives, COFINA subordinate bondholders’ representatives, and bond insurers agreed to the deal.
August 8 -
A draft of the plan in early July indicated that 71.3% of the funding was to come from the federal government.
August 8 -
The governor vowed to disobey Swain’s order, which he said would end Christmas bonuses or lead to "massive layoffs."
August 7 -
The board declined to say what the net impact on the central commonwealth government’s finances would be.
August 2