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The mediation, initiated six weeks ago to resolve disputes over almost $25 billion of bonds, has yet to address the core issue of legality of some of the debt, according to a bondholder familiar with the process.
September 5 -
The Puerto Rico Oversight Board may have a stronger case to declare bonds invalid than the Illinois litigants did.
September 3 -
U.S. Court of Claims Judge Richard Hertling said Tuesday he would issue the stay because he expects key rulings by the Supreme Court and an appellate court.
August 27 -
Judge Laura Taylor Swain sided with the Oversight Board as it sues the local government to comply with its fiscal plans.
August 23 -
CDBG mitigation is a new program to support communities for events that are likely to occur rather than recovery from events that have already occurred. Some disaster recovery funds have been used in the past for mitigation.
August 23 -
She also names Elí Díaz Atienza to fill the role as her representative to the Oversight Board.
August 21 -
The alleged train of neglect ran from 2001 to 2015 and included revenue and expenditure falsification and misleading debt gimmicks.
August 20IEEFA -
It remains unclear how the new governor may alter the Puerto Rican government's stance in the suit.
August 16 -
The Oversight Board urged the federal government to provide more help to the island’s people and businesses.
August 14 -
The deal reduces the authority's debt service by $380 million.
August 12