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Critics pointed to the agreement's failure to lower operating costs and its "very favorable" treatment of Assured Guaranty.
May 6 -
The restructuring is expected to save PREPA and Puerto Rico residents about $3 billion in debt service payments over the next 10 years.
May 6 -
The board wants to recover more than $1 billion in payments and fees on bonds it deems illegal.
May 2 -
The governor accused the Oversight Board of having “overstepped its boundaries, making it an even more undemocratic entity.”
May 2 -
The suits against non-bond creditors are a step in an effort to claw bank money that will extend to bondholders.
May 1 -
Democratic representatives hailed the decision, which averts an interruption of the effort to restructure the island's debt.
April 30 -
Board says it it will sue those who held at least $2.5 million of the challenged bonds from May 2013 to May 2017.
April 29 -
The board says it will file law suits seeking to claw back funds from bondholders before the end of Thursday, May 2.
April 26 -
Judge Swain's ruling complicates the Puerto Rico Oversight Board's effort to recover payments on $6 billion of bonds that the board deems to have been illegally sold.
April 24 -
The Oversight Board in its fiscal plan had projected a 5.06% population drop after the 2017 hurricanes; the Census Bureau found a 3.9% decline.
April 18