Oversight Board sues 20+ banks, other parties to recover $1B in excess payments
May 3, 2019
The Financial Oversight and Management Board for Puerto Rico filed complaints to recover more than $1 billion from holders of bonds issued in excess of Puerto Rico’s constitutional debt limit, and from firms and advisors ...
chat_bubble0 Comment
visibility145 Views
Scotiabank sues Metropolitan Bus Authority for $32M loan default; seeks embargo of buses
March 21, 2019
The Bank of Nova Scotia, parent company of Scotiabank de Puerto Rico, has sued the government’s Metropolitan Bus Authority for defaulting on some $32 million in a revolving credit and term loan agreement. Furthermore, the ...
chat_bubble0 Comment
visibility279 Views
U.S. district judge certifies class of P.R. residents suing PREPA for fuel overcharges
October 3, 2018
In the original lawsuit filed Feb. 24, 2015, the plaintiffs sought compensation for their estimated $1 billion losses in electricity overcharges.
chat_bubble2 Comments
visibility219 Views