$216M For Hurricane Work Due Despite Indictment, Co. Says
Law360 (October 17, 2019, 8:57 PM EDT) -- A Mammoth Energy Services Inc. unit has told a Puerto Rico bankruptcy court that an indictment against its former president and a government inspection report shouldn't delay a $216 million payment for restoring electricity in the territory after Hurricane Maria.
Puerto Rico's electricity provider had asked the court to let it hold off on paying Cobra Acquisitions LLC $61 million in tax reimbursements and interest for utilities repair work pending criminal proceedings against the company's former head Keith Ellison, as well as the implementation of a watchdog report recommending a review of their contract.
However, Cobra countered on Tuesday that those...
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