Ambac sues Puerto Rico gov’t over ‘illegal’ clawbacks
January 8, 2016
New York-based Ambac Financial Group Inc. on Thursday filed a lawsuit to protect its rights against what it deemed the “illegal" clawback of certain revenue by the Commonwealth put into effect last month.
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Ch. 11 cases soar in Dec., with bankruptcy activity up 5%
January 5, 2016
Bankruptcy filings were up 5 percent year-over-year in December 2015, when the number of Chapter 11 cases on record soared by 385 percent when compared to the same month last year, according to preliminary figures released Monday by research firm Boletín de Puerto Rico.
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U.S. Customs seizes 10K counterfeit toys in San Juan
January 5, 2016
U.S. Customs and Border Protection (CBP) field operations officers announced Monday they completed the seizure of 10,000 counterfeit toy dolls arriving in a shipment from China to San Juan.
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