1st Circ. Finds PREPA Bondholders Have $8.5B In Valid Liens

By Vince Sullivan · June 12, 2024, 8:59 PM EDT

The First Circuit said Wednesday that bondholders of the Puerto Rico Electric Power Authority have valid liens worth $8.5 billion on the revenue of the utility, reversing a lower court's ruling...

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Case Information

Case Title

FOMB, et al v. U.S. Bank Nat'l Ass'n, et al

Case Number

23-2036

Court

Appellate - 1st Circuit

Nature of Suit

3422 Appeal 28 USC 158

Date Filed

December 07, 2023