Some six months after Tous — the Spanish design house known for its emblematic teddy bear — filed a civil suit against Puerto Rican businesses and individuals for allegedly selling counterfeits of its products, the U.S. District Court in San Juan issued a combined $925,000 in fines against 37 defendants in the case.
Bankruptcy filings dropped by 6.3 percent in November, when a total of 771 cases were filed, in comparison to the same month last year, according to preliminary figures released by research firm Boletín de Puerto Rico on Tuesday.
The saga between Doral Financial Corp. and the Puerto Rico Treasury Department that began earlier this summer took another turn recently, when a local court ordered the parties to sit down and negotiate an agreement that would grant the bank a $229 million tax refund.
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