A legal fight between two Puerto Rico ice cream distributors was frozen in its tracks this week by the U.S. District Court of Appeals in Boston, when Chief Judge Sandra L. Lynch dismissed a lawsuit brought on by Sterling Merchandising, Inc., distributor of Edy’s and other brands, against Nestlé Puerto Rico Inc.
While the month of August saw a 4 percent drop in the number of bankruptcy cases filed, the U.S. Bankruptcy Court in Puerto Rico received a whopping 245 petitions during the last day of the month, local research firm Boletín de Puerto Rico reported Friday.
The public and private sectors released sharply contrasting economic productivity reports Thursday that on the one hand claimed an increase in public revenue collections, while on the other denoted a significant contraction in manufacturing sector activity.
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