We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Trustee To Form Retiree Committee In Puerto Rico Bankruptcy

Law360, Los Angeles (May 19, 2017, 8:44 PM EDT) -- The U.S. trustee on Friday told the federal judge overseeing Puerto Rico’s unprecedented bankruptcy case that it plans to appoint a retiree committee for those vested in the commonwealth’s public pension systems, making a rare call to begin the committee process without waiting for the court to rule on a pending motion.

The trustee’s move comes in response to a request from an ad hoc retiree committee asking the court to direct the trustee to form an official committee.

The filing on Friday said while the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.