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UBS, the underwriter facing more than $800 million in lawsuits over the pension system bonds, argued the proposed schedule won't give it enough input.
October 23 -
Lack of legislative cooperation wouldn't be a problem until after court-approval of a plan of a adjustment, observers said.
October 22 -
The proposal is highly doubtful to become law in the coming months given the limited number of days Congress will be in session the remainder of the year.
October 22 -
Protesters targeted investors in prisons and Puerto Rico bonds at the Museum of Modern Arts' opening.
October 21 -
The board also said the local government's $18 billion in the bank doesn't give it additional money to pay bondholders.
October 18 -
The bond insurer may be seeking a more receptive audience for its claim that underwriters provided incomplete and misleading information about the bonds it insured.
October 17 -
Two board members said an effort in congress to shift responsibility for the commonwealth's infrastructure revitalization is ill timed.
October 17 -
If a majority of the justices find the Oversight Board created by Congress has a primarily federal role, it could do what the hedge funds want and invalidate the board.
October 15 -
The House Natural Resources Committee, meanwhile, is meeting Oct. 22 to consider removing the infrastructure revitalization section from the federal legislation that established the Puerto Rico Financial Oversight and Management Board.
October 11 -
Moody's says the adoption of an on-time budget along with audited financials are positive developments.
October 10