Earlier this month, the world shook when NBA star Lebron James decided to leave roughly $30 million of guaranteed money on the table and a proven Miami Heat squad to come back home to join his former hometown team the Cleveland Cavaliers.
BlueMountain Capital Management, LLC filed a lawsuit on Tuesday against the government of Puerto Rico, challenging the legality of a new law that allows certain public corporations to avoid their debts.
Gov. Alejandro García-Padilla and members of his fiscal team faced investors during a webcast Thursday, during which they defended the administration’s strategy thus far to turn around the island’s grim financial situation.