A little over two weeks ago, the DC Circuit court vacated the Federal Communications Commission’s Open Internet rules stating that "even though the commission has general authority to regulate in this arena, it may not impose requirements that contravene express statutory mandates."
Bankruptcy filings skyrocketed in November, when a total of 823 cases were filed, representing a whopping 20 percent increase when compared to the same month last year, according to preliminary figures released by research firm Boletín de Puerto Rico.
Scrub Island Development Group Ltd., the owner of a posh resort in the British Virgin Islands, has filed for Chapter 11 protection in a Florida bankruptcy court to ward off a request for receivership granted to FirstBank Puerto Rico through which it seeks to collect on a $108 million loan.
Puerto Rico Telephone has asked a federal judge to impose a penalty against OneLink Communications in the latest chapter of a legal battle unleashed about two years ago when the San Juan operator tried to block the telephone carrier from breaking into the island’s cable market.
Hugo Neu Americas Recycling Complex officials said Monday the company “is closer” to completing its permitting process, after the Appellate Court denied a petition by Schnitzer Puerto Rico Inc. to reconsider its previous decision of granting permission to the proposed $80 million operation.
Puerto Rico Food distributor Pedro Barba e Hijos Inc., Humacao drugstore owner Manuel Mediavilla Inc., and developer Joseph McCloskey-Diaz — who was involved in a highly-publicized mortgage fraud scheme in 2009 — were among the most recent commercial bankruptcy filings, with upward of $20 million in combined debt.
Following an investigation by the U.S. Department of Labor’s Wage and Hour Division that found violations of the federal Fair Labor Standards Act’s overtime and record-keeping provisions, the commonwealth of Puerto Rico has agreed to pay more than $35 million in back wages and interest to 4,490 current and former employees of the territory’s Department of Corrections and Rehabilitation.
Puerto Rico’s bankruptcy filings were down 8 percent during the 12-month period that ended in December 2012, when a total of 10,362 petitions were filed at the U.S. Bankruptcy Court, according to preliminary statistics offered Wednesday by local research firm Boletín de Puerto Rico.
Lorraine Enterprises Inc., the owners of Guaynabo restaurant Piccolo e Posto, have filed a motion for reconsideration at the U.S. District Court for Puerto Rico regarding a recent judgment ordering them to pay close to $130,000 in pending minimum wages as well as $1,472 in outstanding overtime to 26 workers for violations of the Fair Labor Standards Act.
The Agriculture Department on Thursday filed a motion at the U.S. District Court for Puerto Rico requesting an additional 10 days to "responsibly calculate" what the new price for fresh milk should be.
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