1st Circ. Rejects Call For Puerto Rico Pension Trustee

Law360 (April 22, 2020, 7:35 PM EDT) -- The First Circuit has ruled a lower court didn’t err when it denied a request to appoint a trustee to claw back $3 billion in transfers out of Puerto Rico’s pension fund, saying the judge was justified in taking a “holistic” approach to the decision.

In an opinion dated March 19 and posted online Wednesday, the panel denied an appeal by bondholders seeking to unwind the 2017 transactions, saying U.S. District Judge Laura Taylor Swain was free to take more than the size of the transactions and the strength of the clawback claims into consideration when she declined to appoint a...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Government Agencies

Judge Analytics

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!