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The Oversight Board and the other PREPA parties are attempting to create precedent that frontally attacks not only PREPA bondholders and their insurers but also municipal revenue bond finance and basic bankruptcy jurisprudence.
February 8Mintz Levin -
Complaints include assertions the plan is unconfirmable and that it fails to offer necessary information.
February 6 -
"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.
February 2 -
They also came in 14% higher than those of December 2021.
January 31 -
The Puerto Rico Oversight Board says PREPA electric demand will decline 50% by 2051.
January 31 -
Mediation sessions are expected to resume in the coming weeks.
January 27 -
The contract is for 10 years.
January 25 -
Revenue were better than projected despite the Treasury Department postponing deadlines for certain taxes.
January 24 -
Critics say there are problems with part of the team because of a conflict of interest and a lack of experience.
January 20 -
Bondholders say they have lost patience after six years of nonpayment.
January 20