COMMONWEALTH OF PUERTO RICO

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Case overview

Case Number:

3:17-bk-03283

Court:

Puerto Rico

Nature of Suit:

Firms

Companies

Sectors & Industries:

July 22, 2025
Judge Rejects Bondholder Claim Against Puerto Rico

A New York federal judge found Tuesday the terms of Puerto Rico's debt restructuring plan bars holders of bonds issued by the island's public electric utility from lodging a claim against its government.
July 08, 2025
Puerto Rico Bond Suit Doesn't Belong In Conn., Insurers Say

The insurers of billions in bonds issued by the Puerto Rico Sales Tax Financing Corp. say a Connecticut federal judge can't hear a proposed class action accusing them of failing to pay bondholders the full value of their investments after a 2016 bankruptcy default.
September 19, 2024
Puerto Rico Utility's $188M Deal With Contractor Gets OK

A New York federal judge has approved a roughly $188 million settlement between Puerto Rico's bankrupt public electricity provider and a company whose multi-million-dollar contract to repair hurricane-damaged power lines on the island had been under legal scrutiny.
January 04, 2024
Puerto Rico Utility Wants To Drop Union Contracts, Pension

The board overseeing Puerto Rico Electric Power Authority's reorganization is urging a federal judge to allow the utility to ditch its collective bargaining agreements with workers as well as pension obligations, saying the company has no way of making up the purported $1 billion payment shortfall in the current retirement plan.
October 12, 2022
State & City Roundup: Wage And Hour News To Watch

From pay ranges in job ads to overtime for farmworkers, legal requirements at the state and city level address a variety of wage and hour topics. Here, Law360 looks at employment law developments for attorneys to watch.
July 21, 2022
Crypto Dominos Keep Falling, J&J Wants Talc Injunction

Another cryptocurrency player succumbs to marketwide distress, Johnson & Johnson's bankrupt talc unit seeks a pause of talc suits brought by state attorneys general and a $21 million settlement in the liquidation of defunct law firm LeClairRyan is drawing appeals from the bankruptcy watchdog. This is the week in bankruptcy.
July 19, 2022
1st Circ. Affirms Takings Ruling In Puerto Rico Bankruptcy

The First Circuit has affirmed the confirmation of Puerto Rico's bankruptcy plan, saying the judge who issued the order was right to require the commonwealth to provide just compensation for eminent domain claims to comply with the Fifth Amendment's takings clause.
March 21, 2022
Judge OKs $130M Deal On Whitefish Puerto Rico Contract

A federal judge Monday approved a $130 million deal to settle claims against Puerto Rico's bankrupt electric utility by a company that briefly held a controversial contract to repair the island's hurricane-damaged electric grid.
March 14, 2022
1st Circ. Won't Pause Puerto Rico Plan For Teachers' Appeal

The First Circuit has rejected a request by teachers associations to delay the implementation of Puerto Rico's debt restructuring plan while they appeal the changes it will make to public school pensions.
March 03, 2022
Puerto Rico Bankruptcy Plan Objectors Lose Appeal Stay Bids

The federal bankruptcy judge overseeing Puerto Rico's financial restructuring on Thursday refused to stay her order confirming the territory's plan of adjustment while objectors appeal, holding that the teachers associations and credit unions aren't likely to prevail in their challenges to the plan.

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