Puerto Rico Reaches Deal On Pension Bond Payments

Law360, New York (January 18, 2017, 1:28 PM EST) -- Holders of bonds issued by Puerto Rico's largest public pension fund reached a deal to recoup some of the money that the beleaguered territory diverted from the fund, according to a stipulation and order filed on Tuesday in Puerto Rico federal court. 

The funds, which include Altair Global Credit Opportunities Fund along with funds from Oaktree Capital Management and Claren Road Associates Management, sued Puerto Rico's then-governor after he ordered the government to hold onto money the commonwealth was supposed to pay into the Employees Retirement...
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